Winthrop University Real Estate Foundation Inc

Analysis

Winthrop University Real Estate Foundation Inc is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3).

In the financial year ending December 2023, Winthrop University Real Estate Foundation Inc reported income of $4.9m and spending of $4.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.9m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Winthrop University Real Estate Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Woodstock Housing Development Fund Corporation for Senior Citizens ($4.9m), Housing and Community Development Network of New Jersey Inc ($4.9m) and Rufino Contreras Affordable Housing Corporation Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $201k. At year end it held assets of $16.0m against liabilities of $11.1m, net assets of $4.9m.