Randallstown Non-Profit Housing Corp

Analysis

Randallstown Non-Profit Housing Corp is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in May 2000, 26 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 June 2024, Randallstown Non-Profit Housing Corp reported income of $832k and spending of $904k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $686k to $832k (+21%), an average of +4.9% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Randallstown Non-Profit Housing Corp 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 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include WP Housing Company Inc ($832k), Sullivan McKinney Elder Housing Inc ($832k) and Napa Park Homes Inc ($832k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 46% of the total. At year end it held assets of $4.9m against liabilities of $51k, net assets of $4.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.