Riley House Non Profit Housing Corporation

Analysis

Riley House Non Profit Housing Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Riley House Non Profit Housing Corporation reported income of $720k and spending of $762k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $428k to $720k (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riley House Non Profit Housing Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Sarahs Home Corporation ($720k), Rebuilding Together Northern Nevada Inc ($720k) and Bridgeview Manor Housing Corp ($720k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 27% of the total. Other salaries and wages came to $129k. At year end it held assets of $3.6m against liabilities of $6.7m, net assets of -$3.2m.

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.