Royal Heights Housing Inc

Analysis

Royal Heights Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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, Royal Heights Housing Inc reported income of $355k and spending of $353k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $355k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Royal Heights Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Volunteers of America Inc ($354k), Downtown Sykesville Connection Inc ($355k) and St Charles Singers ($354k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $48k. At year end it held assets of $369k against liabilities of $2.3m, net assets of -$1.9m.