Retired Clergy Housing Corporation of the Virginia Conference of the

Analysis

Retired Clergy Housing Corporation of the Virginia Conference of the is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Retired Clergy Housing Corporation of the Virginia Conference of the reported income of $196k and spending of $255k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $196k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Retired Clergy Housing Corporation of the Virginia Conference of the sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Housing Hawaiis Future ($196k), Mid Peninsula Scotts Valley Inc ($197k) and Oskaloosa Rural Housing Development Incorporated ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 60% of the total. At year end it held assets of $4.0m against liabilities of $3,792, 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.