Rural Housing for the Elderly II Inc

Analysis

Rural Housing for the Elderly II Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Rural Housing for the Elderly II Inc reported income of $703k and spending of $854k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $663k to $703k (+6.0%), an average of +1.5% a year. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rural Housing for the Elderly II Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within NH. Charities of a similar size with the same main cause include Exeter Day School ($702k), Center Grove High School Choir Parents Organization ($703k) and Rosemount High School Band Booster ($702k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $119k. At year end it held assets of $2.8m against liabilities of $5.6m, net assets of -$2.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.