Rueben L Speaks Housing Inc

Analysis

Rueben L Speaks Housing Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in June 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rueben L Speaks Housing Inc reported income of $479k and spending of $569k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $479k (+29%), an average of +6.7% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rueben L Speaks Housing Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Operation Grace ($479k), Southfair Community Development Corporation ($480k) and Girls on the Run Philadelphia ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $2.7m against liabilities of $5.1m, net assets of -$2.4m.

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.