Lancaster RHF Housing Inc

Analysis

Lancaster RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in March 2007, 19 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, Lancaster RHF Housing Inc reported income of $573k and spending of $979k, spending 171% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $507k to $573k (+13%), an average of +3.1% a year. Over the whole period it spent 173% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lancaster RHF Housing Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Eaton Place Inc ($572k), Over the Rainbow Unit II ($573k) and Mercy Oaks Village ($572k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 39% and program service revenue 58% of the total. At year end it held assets of $9.3m against liabilities of $14.2m, net assets of -$4.9m.

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.