Randolph Lane Housing Corporation NFP

Analysis

Randolph Lane Housing Corporation NFP is a registered charity in United States, based in Mt Sterling, IL. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Randolph Lane Housing Corporation NFP reported income of $116k and spending of $159k, spending 137% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $109k to $116k (+6.3%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Randolph Lane Housing Corporation NFP sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Jewish Care System of San Antonio ($116k), Dima VIII Inc ($116k) and Todays Resident Services Inc ($116k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 33% of the total. At year end it held assets of $1.2m against liabilities of $1.7m, net assets of -$510k.

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.