Royal Charter Properties Inc
Royal Charter Properties Inc. consistently reports zero officer compensation despite tens of millions in annual revenue and expenses.
EIN: 133158502 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $57.4M |
| Total Expenses | $52.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $108.6M |
| Transparency Score | 70/100 |
Is Royal Charter Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Royal Charter Properties Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Royal Charter Properties Inc
Royal Charter Properties Inc (EIN: 133158502) is a nonprofit organization based in New York, NY. The organization reported total revenue of $57.4M and total assets of $137.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Royal Charter Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Royal Charter Properties 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 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52.0M |
| Total Expenses | $52.0M |
| Surplus / Deficit | +$0 |
| Total Assets | $133.9M |
| Total Liabilities | $25.3M |
| Net Assets | $108.6M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 30.9 months |
Financial Health Grade: A
In 2023, Royal Charter Properties Inc reported a surplus of $0 with revenue exceeding expenses, holds 30.9 months of operating reserves (strong position), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Royal Charter Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.8% | +13.8% | -1.6% |
| 2022 | +4.9% | +4.9% | -1.4% |
| 2021 | -11.5% | -11.5% | -2.2% |
| 2020 | -5.9% | +4.1% | -1.7% |
| 2019 | +2.1% | +25.9% | +2.6% |
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 Inc with a Mission Score of 70 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Royal Charter Properties Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing over $50 million in annual revenue and $130 million in assets. This suggests that executive compensation may be paid through a related entity, or that the organization is entirely volunteer-run at the executive level, requiring further clarification for complete financial 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 Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation without clear explanation for an organization of this size.
- Unknown NTEE code, making it difficult to categorize and benchmark the organization's activities and efficiency.
- Operating at near break-even for several consecutive years, potentially limiting financial resilience or growth.
Strengths
The following positive indicators were identified for Royal Charter Properties Inc:
- Stable and substantial asset base, consistently over $100 million, indicating financial solidity.
- Revenue generation consistently in the tens of millions, demonstrating significant operational scale.
- Liabilities are well-managed relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Royal Charter Properties Inc
Is Royal Charter Properties Inc a legitimate charity?
Royal Charter Properties Inc (EIN: 133158502) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $57.4M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Royal Charter Properties Inc spend its money?
Royal Charter Properties Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Royal Charter Properties Inc tax-deductible?
Royal Charter Properties Inc is registered as a tax-exempt nonprofit (EIN: 133158502). 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 Inc CEO make?
Royal Charter Properties Inc's highest-compensated officer earns $50 annually. The organization reported $57.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Royal Charter Properties Inc located?
Royal Charter Properties Inc is headquartered in New York, New York and files with the IRS under EIN 133158502.
How many years of IRS 990 filings does Royal Charter Properties Inc have?
Royal Charter Properties 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 $57.4M in total revenue.
Why does Royal Charter Properties Inc. report zero officer compensation?
The consistent reporting of 0% officer compensation across all filings, despite significant revenue and assets, is a key question regarding the organization's operational structure and how its leadership is compensated, if at all. This could indicate management by a related entity or a fully volunteer executive team.
What is the NTEE code and specific mission of Royal Charter Properties Inc.?
The NTEE code is unknown, which makes it difficult to assess the organization's specific programmatic focus and compare its financial performance against peers in a defined sector. Understanding its mission is crucial for evaluating its impact.
How does Royal Charter Properties Inc. manage to operate at near break-even for multiple years?
From 2021 to 2023, expenses almost exactly matched revenue (e.g., $51,985,154 revenue vs. $51,985,154 expenses in 2023). This suggests a highly controlled budget or a specific operational model where all incoming funds are expended annually, which could limit reserve building.
Filing History
IRS 990 filing history for Royal Charter Properties Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Royal Charter Properties Inc's revenue has grown by 15%, moving from $45.2M to $52.0M. Total assets increased by 81.3% over the same period, from $73.9M to $133.9M. Total functional expenses rose by 15%, from $45.2M to $52.0M. In its most recent filing year (2023), Royal Charter Properties Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $25.3M in liabilities against $133.9M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $108.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52.0M | $52.0M | $133.9M | $25.3M | — | — |
| 2022 | $45.7M | $45.7M | $136.0M | $27.5M | — | View 990 |
| 2021 | $43.6M | $43.6M | $138.0M | $29.4M | — | View 990 |
| 2020 | $49.2M | $49.2M | $141.1M | $32.5M | — | View 990 |
| 2019 | $52.3M | $47.3M | $143.6M | $35.0M | — | View 990 |
| 2018 | $51.2M | $37.5M | $139.9M | $36.3M | — | View 990 |
| 2017 | $51.3M | $36.6M | $128.7M | $38.7M | — | View 990 |
| 2016 | $49.9M | $37.5M | $116.3M | $40.7M | — | View 990 |
| 2015 | $46.8M | $45.9M | $114.3M | $51.1M | — | View 990 |
| 2014 | $44.1M | $42.1M | $101.1M | $49.5M | — | View 990 |
| 2013 | $44.2M | $42.2M | $73.4M | $40.0M | — | View 990 |
| 2012 | $48.1M | $46.1M | $75.5M | $40.9M | — | View 990 |
| 2011 | $47.3M | $45.3M | $74.1M | $41.6M | — | View 990 |
| 2010 | $45.2M | $45.2M | $73.9M | $43.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52.0M, expenses of $52.0M, and assets of $133.9M (revenue +13.8% year-over-year).
- 2022: Revenue of $45.7M, expenses of $45.7M, and assets of $136.0M (revenue +4.9% year-over-year).
- 2021: Revenue of $43.6M, expenses of $43.6M, and assets of $138.0M (revenue -11.5% year-over-year).
- 2020: Revenue of $49.2M, expenses of $49.2M, and assets of $141.1M (revenue -5.9% year-over-year).
- 2019: Revenue of $52.3M, expenses of $47.3M, and assets of $143.6M (revenue +2.1% year-over-year).
- 2018: Revenue of $51.2M, expenses of $37.5M, and assets of $139.9M (revenue -0.2% year-over-year).
- 2017: Revenue of $51.3M, expenses of $36.6M, and assets of $128.7M (revenue +2.8% year-over-year).
- 2016: Revenue of $49.9M, expenses of $37.5M, and assets of $116.3M (revenue +6.7% year-over-year).
- 2015: Revenue of $46.8M, expenses of $45.9M, and assets of $114.3M (revenue +6.0% year-over-year).
- 2014: Revenue of $44.1M, expenses of $42.1M, and assets of $101.1M (revenue -0.2% year-over-year).
- 2013: Revenue of $44.2M, expenses of $42.2M, and assets of $73.4M (revenue -8.0% year-over-year).
- 2012: Revenue of $48.1M, expenses of $46.1M, and assets of $75.5M (revenue +1.7% year-over-year).
- 2011: Revenue of $47.3M, expenses of $45.3M, and assets of $74.1M (revenue +4.6% year-over-year).
- 2010: Revenue of $45.2M, expenses of $45.2M, and assets of $73.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Royal Charter Properties Inc:
Data Sources and Methodology
This transparency report for Royal Charter Properties 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.