Riverton Community Housing

Analysis

Riverton Community Housing is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1973, 53 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 September 2022, Riverton Community Housing reported income of $6.2m and spending of $5.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to September 2022, income grew from $5.0m to $6.2m (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2022, when income rose by 245%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverton Community Housing sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Nashville Safe Haven Family Shelter ($6.2m), West End Residences HDFC Inc ($6.2m) and Nevada Partnership for Homeless Youth ($6.2m).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $182k (3.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $51.0m against liabilities of $46.7m, net assets of $4.3m. It reported 31 employees.