Rdoor Housing Corporation

Analysis

Rdoor Housing Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2008, 18 years ago. 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 June 2024, Rdoor Housing Corporation reported income of $607k and spending of $658k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $614k to $607k (-1.0%), an average of -0.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rdoor Housing Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Guido Evangelistic Association Inc ($607k), High Hopes Colorado ($608k) and Emerald Heights Academy ($607k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $85k. At year end it held assets of $2.1m against liabilities of $2.0m, net assets of $85k.

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.