Riverside Housing Corporation

Analysis

Riverside Housing Corporation is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in October 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 December 2023, Riverside Housing Corporation reported income of $588k and spending of $463k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $588k to $588k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside Housing Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within NH. Charities of a similar size with the same main cause include Christian Towers Inc of Alabama ($587k), Hawkins House ($588k) and Neighborhood Housing Partners Inc ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. At year end it held assets of $618k against liabilities of $149k, net assets of $469k.