RG Apartments Inc

Analysis

RG Apartments Inc is a registered charity in United States, based in Tuskegee Inst, AL. It received its IRS tax-exemption ruling in June 1998, 28 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 February 2022, RG Apartments Inc reported income of $106k and spending of $158k, spending 149% of what it took in. Across the 3 years on record, from February 2020 to February 2022, income fell from $107k to $106k (-0.7%), an average of -0.3% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RG Apartments Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within AL. Charities of a similar size with the same main cause include Community Residence for the Handicapped of Ulster Co Inc ($106k), Notestine Manor Inc ($106k) and Independent Living Horizons Five Inc ($106k).

On its Form 990 for the period ending February 2022, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $25k. At year end it held assets of $835k against liabilities of $1.2m, net assets of -$409k.

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.