Royal Oak Civic Foundation

Analysis

Royal Oak Civic Foundation is a registered charity in United States, based in Royal Oak, MI. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Royal Oak Civic Foundation reported income of $176k and spending of $44k, leaving 75% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $81k to $176k (+116%), an average of +116% a year. The sharpest change came in the year to June 2023, when income rose by 116%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Royal Oak Civic Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Mhany Peninsula Local Development Corporation ($175k), Beverly Hills Rotary Community Foundation ($176k) and Reaching the Nations International ($175k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.