Regional Housing & Community Services Corporation

Analysis

Regional Housing & Community Services Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2016, 10 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, Regional Housing & Community Services Corporation reported income of $3.1m and spending of $21.8m, spending 704% of what it took in. Across the 6 years on record, from September 2018 to December 2023, income fell from $5.4m to $3.1m (-42%), an average of -10% a year. The sharpest change came in the year to December 2019, when income rose by 87%. Over the whole period it spent 202% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Regional Housing & Community Services Corporation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include El Paso Sports Commission ($3.1m), Advance Colorado ($3.1m) and Elcam Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 392% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $49.8m against liabilities of $98.4m, net assets of -$48.6m. It reported 7 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.