Loveland RHF Housing Inc

Analysis

Loveland RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 2006, 20 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 March 2024, Loveland RHF Housing Inc reported income of $536k and spending of $976k, spending 182% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $528k to $536k (+1.5%), an average of +0.4% a year. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loveland RHF Housing Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Cortland Housing Assistance Council Inc ($536k), Northwest Montana Community Land Trust Inc ($536k) and Local Community Housing Corporation ($536k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 40% and program service revenue 57% of the total. At year end it held assets of $7.5m against liabilities of $11.5m, net assets of -$4.0m.

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.