Real Life

Analysis

Real Life is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 2016, 10 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, Real Life reported income of $2.2m and spending of $1.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $509k to $2.2m (+326%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Real Life sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Jacobs Well Ministries Inc ($2.2m), Kirkland Manor Association ($2.2m) and Florida Non-Profit Housing Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $110k (6.3% of expenses). Other salaries and wages came to $788k. At year end it held assets of $1.5m against liabilities of $69k, net assets of $1.4m. It reported 25 employees.