Royal Gardens Housing Development Fund Corporation

Analysis

Royal Gardens Housing Development Fund Corporation is a registered charity in United States, based in Brockport, NY. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Royal Gardens Housing Development Fund Corporation reported income of $827k and spending of $768k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $756k to $827k (+9.5%), an average of +2.3% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Royal Gardens Housing Development Fund Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Shepherds Farm Senior Housing at West Deptford Inc ($827k), House of Freedom Support Corporation ($828k) and Osage County Community Living Inc ($827k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $145k. At year end it held assets of $2.6m against liabilities of $3.0m, net assets of -$459k. It reported 5 employees.