Residential Properties Inc

Analysis

Residential Properties Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Residential Properties Inc reported income of $360k and spending of $228k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $766k to $360k (-53%), an average of -17% a year. The sharpest change came in the year to June 2023, when income rose by 215%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Residential Properties Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Maine Blue Collar Scholarship Foundation ($360k), San Diego Navy League Foundation Inc ($360k) and Theosophical Investment Trust ($360k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.4m against liabilities of $586k, net assets of $2.8m.