Real Place Inc

Analysis

Real Place Inc is a registered charity in United States, based in Redford, MI. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Real Place Inc reported income of $2.8m and spending of $2.6m, spending 92% of its income. Across the 4 years on record, from October 2020 to October 2023, income grew from $1.9m to $2.8m (+44%), an average of +13% a year. The sharpest change came in the year to October 2022, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Real Place Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Womens Safe House ($2.8m), Korean Community Service Center of ($2.8m) and Horn of Africa Services ($2.8m).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $78k (3.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.2m against liabilities of $123k, net assets of $1.0m. It reported 35 employees.