R-Lcoa Housing Development Corporation Inc

Analysis

R-Lcoa Housing Development Corporation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 1980, 46 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 December 2023, R-Lcoa Housing Development Corporation Inc reported income of $689k and spending of $480k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $689k (+9.6%), an average of +2.3% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, R-Lcoa Housing Development Corporation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Holy Rosary Senior Residence Inc ($688k), Walking with Jesus Ministries ($689k) and Robinson Affordable Housing Inc ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Other salaries and wages came to $73k. At year end it held assets of $1.9m against liabilities of $1.8m, net assets of $18k. It reported 3 employees.