Real Resources Inc

Analysis

Real Resources Inc is a registered charity in United States, based in Golden Valley, MN. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Real Resources Inc reported income of $5.8m and spending of $5.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.5m to $5.8m (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Real Resources Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Frontier Alliance International Inc ($5.8m), Irvine Onnuri Church ($5.8m) and Oliver Gospel Mission ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $463k (8.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.8m against liabilities of $833k, net assets of $2.9m. It reported 113 employees.