Regional Housing Solutions

Analysis

Regional Housing Solutions is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Regional Housing Solutions reported income of $165k and spending of $206k, spending 125% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $109k to $165k (+52%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Regional Housing Solutions sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within AR. Charities of a similar size with the same main cause include Bethursday Development Corporation ($165k), Henry County Housing Development Group Inc ($165k) and Kershaw Special Housing Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. At year end it held assets of $1.3m against liabilities of $800k, net assets of $534k.

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.