Roof Above Inc

Analysis

Roof Above Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Roof Above Inc reported income of $22.5m and spending of $25.7m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $23.2m to $22.5m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roof Above Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Jewish Museum ($22.5m), Editorial Projects in Education Inc ($22.6m) and World War II Theatre Inc ($22.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $345k (1.3% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $101.9m against liabilities of $44.8m, net assets of $57.1m. It reported 278 employees.