Eastside Residential Opportunities

Analysis

Eastside Residential Opportunities is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in December 1991, 35 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, Eastside Residential Opportunities reported income of $274k and spending of $280k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $274k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastside Residential Opportunities sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include St Michaels Soldiers Inc ($273k), The Florida Center for Government Accountablility Inc ($274k) and Las Candalistas Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $599k against liabilities of $753k, net assets of -$154k.

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.