Charlotte RHF Housing Inc

Analysis

Charlotte RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in March 2012, 14 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 June 2024, Charlotte RHF Housing Inc reported income of $394k and spending of $676k, spending 172% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $272k to $394k (+45%), an average of +7.7% a year. Over the whole period it spent 166% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charlotte RHF Housing Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Community Compassion Yellville ($394k), Chesapeake Housing Mission ($394k) and Good Samaritan Village Inc ($394k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 45% of the total. At year end it held assets of $5.4m against liabilities of $7.4m, net assets of -$1.9m.

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.