Room at the Inn Inc

Analysis

Room at the Inn Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Room at the Inn Inc reported income of $8.9m and spending of $2.1m, leaving 76% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $990k to $8.9m (+796%), an average of +73% a year. The sharpest change came in the year to June 2024, when income rose by 265%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Room at the Inn Inc 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 96th percentile within NC. Charities of a similar size with the same main cause include Facets Cares Inc ($8.9m), Opportunities for Otsego Inc ($8.9m) and West Central Independent Living Solutions Fiscal Agent ($8.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $316k (15% of expenses). Other salaries and wages came to $720k. It paid $161k in professional fundraising fees. At year end it held assets of $8.1m against liabilities of $104k, net assets of $8.0m. It reported 29 employees.