Royal Charter Properties East Inc
Royal Charter Properties East Inc. consistently operates with negative net assets despite stable revenues.
EIN: 133158496 · New York, NY · NTEE: E110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83.1M |
| Total Expenses | $79.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $80 |
| Net Assets | $-6,697,987 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Royal Charter Properties East Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Royal Charter Properties East Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Royal Charter Properties East Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $80.4M and expenses of $79.4M.
Revenue and Expenses
Royal Charter Properties East Inc reported $80.4M in revenue and $79.4M in expenses, a surplus of $1.0M.
Executive Compensation
Top officer compensation appears as $80 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Royal Charter Properties East Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $63.5M (80%) |
Across stored filings, Royal Charter Properties East Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Royal Charter Properties East Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Royal Charter Properties East Inc
Royal Charter Properties East Inc (EIN: 133158496) is a nonprofit organization based in New York, NY, classified under NTEE code E110. The organization reported total revenue of $83.1M and total assets of $200.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Royal Charter Properties East Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Royal Charter Properties East Inc is a major nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80.4M |
| Total Expenses | $79.4M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $200.4M |
| Total Liabilities | $207.1M |
| Net Assets | $-6,697,987 |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 103.3% |
| Months of Reserves | 30.3 months |
Financial Health Grade: A
In 2023, Royal Charter Properties East Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 30.3 months of operating reserves (strong position), has a debt-to-asset ratio of 103.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Royal Charter Properties East Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.9% | +19.2% | -3.3% |
| 2022 | +11.0% | +11.2% | -2.6% |
| 2021 | -12.3% | -12.5% | -3.4% |
| 2020 | -3.7% | -3.7% | +0.2% |
| 2019 | +0.4% | +0.4% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Royal Charter Properties East Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Royal Charter Properties East Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 103.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 filings, which is unusual for an entity with revenues exceeding $80 million, suggesting either a fully volunteer executive leadership or that compensation is categorized differently, impacting transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Royal Charter Properties East Inc's IRS 990 filings:
- Consistent negative net assets (liabilities exceed assets in all reported periods, e.g., $207,052,665 liabilities vs. $200,354,678 assets in 2023).
- No reported officer compensation despite significant revenue, raising questions about executive leadership costs.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment.
Strengths
The following positive indicators were identified for Royal Charter Properties East Inc:
- Consistent revenue generation exceeding expenses, indicating operational stability (e.g., $80,394,082 revenue vs. $79,361,901 expenses in 2023).
- Long history of IRS 990 filings (14 filings), demonstrating compliance with reporting requirements.
- Significant asset base (over $200 million in recent years), providing substantial resources, albeit offset by liabilities.
Frequently Asked Questions about Royal Charter Properties East Inc
Is Royal Charter Properties East Inc a legitimate charity?
Royal Charter Properties East Inc (EIN: 133158496) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $83.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Royal Charter Properties East Inc spend its money?
Royal Charter Properties East Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Royal Charter Properties East Inc tax-deductible?
Royal Charter Properties East Inc is registered as a tax-exempt nonprofit (EIN: 133158496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Royal Charter Properties East Inc CEO make?
Royal Charter Properties East Inc's highest-compensated officer earns $80 annually. The organization reported $83.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Royal Charter Properties East Inc's spending goes to programs?
Royal Charter Properties East Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Royal Charter Properties East Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Royal Charter Properties East Inc is above average for NTEE category E110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Royal Charter Properties East Inc located?
Royal Charter Properties East Inc is headquartered in New York, New York and files with the IRS under EIN 133158496. It is classified under NTEE code E110.
How many years of IRS 990 filings does Royal Charter Properties East Inc have?
Royal Charter Properties East Inc has 14 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 $83.1M in total revenue.
Why does Royal Charter Properties East Inc. consistently report liabilities exceeding assets?
The consistent reporting of liabilities exceeding assets (e.g., $207,052,665 liabilities vs. $200,354,678 assets in 2023) indicates a persistent negative net asset position, which could be due to specific financing structures, long-term debt, or accounting treatments that require further clarification to understand the organization's solvency.
Is the organization's financial model sustainable given its negative net assets?
While the organization consistently generates more revenue than expenses (e.g., $80,394,082 revenue vs. $79,361,901 expenses in 2023), the long-term sustainability of a model with persistent negative net assets is a concern. It suggests a reliance on external financing or specific asset/liability management strategies that need to be understood to assess long-term viability.
How does Royal Charter Properties East Inc. manage to operate without reporting officer compensation?
The consistent reporting of 0% officer compensation across all filings for an organization of this size ($80M+ revenue) is highly unusual. It suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which could obscure the true cost of leadership.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not offer a detailed functional expense breakdown. Without this information, it is challenging to accurately assess how efficiently the organization allocates its resources towards its stated mission versus administrative overhead and fundraising efforts.
Filing History
IRS 990 filing history for Royal Charter Properties East Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Royal Charter Properties East Inc's revenue has grown by 33.4%, moving from $60.3M to $80.4M. Total assets decreased by 23% over the same period, from $260.1M to $200.4M. Total functional expenses rose by 32.7%, from $59.8M to $79.4M. In its most recent filing year (2023), Royal Charter Properties East Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $207.1M in liabilities against $200.4M in assets (debt-to-asset ratio: 103.3%), resulting in net assets of $-6,697,987.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80.4M | $79.4M | $200.4M | $207.1M | — | View 990 |
| 2022 | $67.6M | $66.6M | $207.2M | $212.6M | — | View 990 |
| 2021 | $60.9M | $59.9M | $212.6M | $221.1M | — | View 990 |
| 2020 | $69.5M | $68.4M | $220.2M | $230.2M | — | View 990 |
| 2019 | $72.1M | $71.1M | $219.6M | $231.4M | — | View 990 |
| 2018 | $71.8M | $70.8M | $223.8M | $235.8M | — | View 990 |
| 2017 | $74.5M | $72.2M | $229.6M | $241.8M | — | View 990 |
| 2016 | $75.3M | $74.3M | $231.2M | $243.9M | — | View 990 |
| 2015 | $70.5M | $67.7M | $234.2M | $248.8M | — | View 990 |
| 2014 | $68.3M | $66.7M | $236.9M | $254.7M | — | View 990 |
| 2013 | $65.0M | $72.5M | $246.2M | $259.9M | — | View 990 |
| 2012 | $66.6M | $65.6M | $248.4M | $262.4M | — | View 990 |
| 2011 | $64.3M | $63.1M | $254.9M | $264.9M | — | View 990 |
| 2010 | $60.3M | $59.8M | $260.1M | $269.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80.4M, expenses of $79.4M, and assets of $200.4M (revenue +18.9% year-over-year).
- 2022: Revenue of $67.6M, expenses of $66.6M, and assets of $207.2M (revenue +11.0% year-over-year).
- 2021: Revenue of $60.9M, expenses of $59.9M, and assets of $212.6M (revenue -12.3% year-over-year).
- 2020: Revenue of $69.5M, expenses of $68.4M, and assets of $220.2M (revenue -3.7% year-over-year).
- 2019: Revenue of $72.1M, expenses of $71.1M, and assets of $219.6M (revenue +0.4% year-over-year).
- 2018: Revenue of $71.8M, expenses of $70.8M, and assets of $223.8M (revenue -3.5% year-over-year).
- 2017: Revenue of $74.5M, expenses of $72.2M, and assets of $229.6M (revenue -1.1% year-over-year).
- 2016: Revenue of $75.3M, expenses of $74.3M, and assets of $231.2M (revenue +6.8% year-over-year).
- 2015: Revenue of $70.5M, expenses of $67.7M, and assets of $234.2M (revenue +3.2% year-over-year).
- 2014: Revenue of $68.3M, expenses of $66.7M, and assets of $236.9M (revenue +5.0% year-over-year).
- 2013: Revenue of $65.0M, expenses of $72.5M, and assets of $246.2M (revenue -2.4% year-over-year).
- 2012: Revenue of $66.6M, expenses of $65.6M, and assets of $248.4M (revenue +3.7% year-over-year).
- 2011: Revenue of $64.3M, expenses of $63.1M, and assets of $254.9M (revenue +6.6% year-over-year).
- 2010: Revenue of $60.3M, expenses of $59.8M, and assets of $260.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Royal Charter Properties East Inc:
Data Sources and Methodology
This transparency report for Royal Charter Properties East Inc 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.