Rock Hill Senior Properties Inc

Analysis

Rock Hill Senior Properties Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 1996, 30 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, Rock Hill Senior Properties Inc reported income of $624k and spending of $456k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $340k to $624k (+83%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 78%. 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, Rock Hill Senior Properties Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Jacob Blake Manor Ltd ($624k), Threshold Housing Development Inc ($624k) and Paschall Senior Housingincorporated ($623k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 32% of the total. At year end it held assets of $2.2m against liabilities of $3.8m, net assets of -$1.6m.