R3 Development NFP

Analysis

R3 Development NFP is a registered charity in United States, based in East St Louis, IL. It received its IRS tax-exemption ruling in July 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, R3 Development NFP reported income of $679k and spending of $601k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $679k (+124%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, R3 Development NFP sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Nativity BVM Place ($679k), Rogers Park Community Development Corporation ($679k) and Willing 2 Move Forward ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Other salaries and wages came to $295k. At year end it held assets of $487k against liabilities of $113k, net assets of $375k. It reported 40 employees.