Raleigh Inter Church Housing Corp Rich Park
EIN: 560932151 · Raleigh, NC
| Metric | Value |
|---|---|
| Total Revenue | $863K |
| Total Expenses | $810K |
| Net Assets | $-74,284 |
Is Raleigh Inter Church Housing Corp Rich Park Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raleigh Inter Church Housing Corp Rich Park
Raleigh Inter Church Housing Corp Rich Park (EIN: 560932151) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $863K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raleigh Inter Church Housing Corp Rich Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raleigh Inter Church Housing Corp Rich Park is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $814K |
| Total Expenses | $810K |
| Surplus / Deficit | +$5K |
| Total Assets | $3.4M |
| Total Liabilities | $3.5M |
| Net Assets | $-74,284 |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 102.2% |
| Months of Reserves | 50.7 months |
Financial Health Grade: A
In 2023, Raleigh Inter Church Housing Corp Rich Park reported a surplus of $5K with revenue exceeding expenses, holds 50.7 months of operating reserves (strong position), has a debt-to-asset ratio of 102.2% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Raleigh Inter Church Housing Corp Rich Park's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | -5.6% | -3.2% |
| 2022 | +2.9% | +12.4% | -4.3% |
| 2021 | +0.6% | -5.9% | -4.4% |
| 2020 | +2.5% | +12.1% | -7.4% |
| 2019 | +0.2% | +3.4% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raleigh Inter Church Housing Corp Rich Park has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raleigh Inter Church Housing Corp Rich Park with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 102.2%.
Frequently Asked Questions about Raleigh Inter Church Housing Corp Rich Park
Is Raleigh Inter Church Housing Corp Rich Park a legitimate charity?
Raleigh Inter Church Housing Corp Rich Park (EIN: 560932151) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $863K. No red flags identified. Financial health grade: A.
How does Raleigh Inter Church Housing Corp Rich Park spend its money?
Raleigh Inter Church Housing Corp Rich Park reported $863K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Raleigh Inter Church Housing Corp Rich Park tax-deductible?
Raleigh Inter Church Housing Corp Rich Park is registered as a tax-exempt nonprofit (EIN: 560932151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raleigh Inter Church Housing Corp Rich Park located?
Raleigh Inter Church Housing Corp Rich Park is headquartered in Raleigh, North Carolina and files with the IRS under EIN 560932151.
How many years of IRS 990 filings does Raleigh Inter Church Housing Corp Rich Park have?
Raleigh Inter Church Housing Corp Rich Park has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $863K in total revenue.
Filing History
IRS 990 filing history for Raleigh Inter Church Housing Corp Rich Park showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Raleigh Inter Church Housing Corp Rich Park's revenue has grown by 53.9%, moving from $529K to $814K. Total assets increased by 19.1% over the same period, from $2.9M to $3.4M. Total functional expenses rose by 49.6%, from $541K to $810K. In its most recent filing year (2023), Raleigh Inter Church Housing Corp Rich Park reported a surplus of $5K, with revenue exceeding expenses. The organization holds $3.5M in liabilities against $3.4M in assets (debt-to-asset ratio: 102.2%), resulting in net assets of $-74,284.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $814K | $810K | $3.4M | $3.5M | — | View 990 |
| 2022 | $820K | $858K | $3.5M | $3.6M | — | View 990 |
| 2021 | $797K | $763K | $3.7M | $3.7M | — | View 990 |
| 2020 | $792K | $811K | $3.9M | $3.9M | — | View 990 |
| 2019 | $773K | $723K | $4.2M | $4.2M | — | View 990 |
| 2018 | $771K | $699K | $4.2M | $4.3M | — | View 990 |
| 2017 | $757K | $726K | $4.1M | $4.3M | — | View 990 |
| 2016 | $732K | $738K | $4.1M | $4.4M | — | View 990 |
| 2015 | $712K | $736K | $4.2M | $4.4M | — | View 990 |
| 2014 | $687K | $738K | $4.3M | $4.4M | — | View 990 |
| 2013 | $143K | $671K | $4.2M | $4.3M | — | View 990 |
| 2012 | $529K | $541K | $2.9M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $814K, expenses of $810K, and assets of $3.4M (revenue -0.7% year-over-year).
- 2022: Revenue of $820K, expenses of $858K, and assets of $3.5M (revenue +2.9% year-over-year).
- 2021: Revenue of $797K, expenses of $763K, and assets of $3.7M (revenue +0.6% year-over-year).
- 2020: Revenue of $792K, expenses of $811K, and assets of $3.9M (revenue +2.5% year-over-year).
- 2019: Revenue of $773K, expenses of $723K, and assets of $4.2M (revenue +0.2% year-over-year).
- 2018: Revenue of $771K, expenses of $699K, and assets of $4.2M (revenue +2.0% year-over-year).
- 2017: Revenue of $757K, expenses of $726K, and assets of $4.1M (revenue +3.4% year-over-year).
- 2016: Revenue of $732K, expenses of $738K, and assets of $4.1M (revenue +2.7% year-over-year).
- 2015: Revenue of $712K, expenses of $736K, and assets of $4.2M (revenue +3.6% year-over-year).
- 2014: Revenue of $687K, expenses of $738K, and assets of $4.3M (revenue +379.6% year-over-year).
- 2013: Revenue of $143K, expenses of $671K, and assets of $4.2M (revenue -72.9% year-over-year).
- 2012: Revenue of $529K, expenses of $541K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raleigh Inter Church Housing Corp Rich Park:
Data Sources and Methodology
This transparency report for Raleigh Inter Church Housing Corp Rich Park is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.