Royale Oaks House of Hope

Analysis

Royale Oaks House of Hope is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Royale Oaks House of Hope reported income of $624k and spending of $782k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $737k to $624k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 124% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Royale Oaks House of Hope sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include Driscoll Family Foundation ($624k), Christa McAuliffe Charter School Foundation Inc ($624k) and Weiser Memorial Hospital Foundation Inc ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $3.4m against liabilities of $5.9m, net assets of -$2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.