Royal Terrace Inc

Analysis

Royal Terrace Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 October 2023, Royal Terrace Inc reported income of $136k and spending of $155k, spending 113% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $128k to $136k (+6.8%), an average of +1.6% a year. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Royal Terrace Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within MS. Charities of a similar size with the same main cause include Vincera Foundation ($136k), Support Officer Ministries ($136k) and Salix Fire Department ($136k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $34k. At year end it held assets of $292k against liabilities of $30k, net assets of $262k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.