Ring House Corporation

Analysis

Ring House Corporation is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 1987, 39 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, Ring House Corporation reported income of $8.8m and spending of $8.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.4m to $8.8m (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ring House Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Appalachian Real Estate Development Corppration ($8.8m), Alternatives for Girls ($8.8m) and New Reach Inc ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 92% of the total. Other salaries and wages came to $703k. At year end it held assets of $27.8m against liabilities of $11.9m, net assets of $16.0m. It reported 24 employees.