Royalhouse Chapel New York Mission

Analysis

Royalhouse Chapel New York Mission is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2019, Royalhouse Chapel New York Mission reported income of $567k and spending of $487k, spending 86% of its income. Across the 2 years on record, from December 2018 to December 2019, income grew from $477k to $567k (+19%), an average of +19% a year. The sharpest change came in the year to December 2019, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Royalhouse Chapel New York Mission sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Economic Development Corporation of Elkhart County Inc ($567k), Gfoa Endowment Corporation ($567k) and Helping Hands of Putnam County ($567k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.