Rural Housing for the Elderly

Analysis

Rural Housing for the Elderly is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 July 2024, Rural Housing for the Elderly reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $1.1m to $1.2m (+6.6%), an average of +1.6% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rural Housing for the Elderly sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NH. Charities of a similar size with the same main cause include Phenix City Housing Development Holdings Inc ($1.2m), Cornerstone West Community Development Corporation ($1.2m) and Volunteers of America Inc ($1.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $176k. At year end it held assets of $3.3m against liabilities of $2.5m, net assets of $803k.