Rhe Properties Inc

Analysis

Rhe Properties Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhe Properties Inc reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $12.8m to $1.0m (-92%), an average of -72% a year. The sharpest change came in the year to December 2022, when income dropped by 93%. Over the whole period it spent 14% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rhe Properties Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Chestnut Hill Housing Inc ($1.0m), Making It Possible to End Homelessness Inc ($1.0m) and Greenvale Place of Northfield Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13.0m against liabilities of $327k, net assets of $12.7m.