Robert Street Realty Corp

Analysis

Robert Street Realty Corp is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in October 2001, 25 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 June 2023, Robert Street Realty Corp reported income of $162k and spending of $169k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $150k to $162k (+7.8%), an average of +2.5% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Robert Street Realty Corp sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within RI. Charities of a similar size with the same main cause include Step Up ($162k), Cliff View Village II Inc ($162k) and Hope Home Ministry ($162k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.5m against liabilities of $474k, net assets of $1.1m.

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.