Randallstown III Non-Profit Housing Corporation

Analysis

Randallstown III Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2024, Randallstown III Non-Profit Housing Corporation reported income of $498k and spending of $636k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $403k to $498k (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Randallstown III Non-Profit Housing Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include International Hope Builders ($498k), Housing Action Coalition of Waukesha County Inc ($498k) and Hillcrest Senior Housing Corporation ($498k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 60% of the total. At year end it held assets of $4.9m against liabilities of $54k, net assets of $4.8m.

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.