Bvarc Housing

Analysis

Bvarc Housing is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in September 1996, 30 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, Bvarc Housing reported income of $151k and spending of $144k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $136k to $151k (+11%), an average of +2.6% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bvarc Housing sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within RI. Charities of a similar size with the same main cause include First Richland Morrow Housing Incxi ($151k), Home & Heart ($151k) and Skyline Housing Inc ($151k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 53% of the total. Other salaries and wages came to $8,132. At year end it held assets of $623k against liabilities of $1.1m, net assets of -$490k.