RVM Central Point Housing Corporation

Analysis

RVM Central Point Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in August 1996, 30 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 June 2023, RVM Central Point Housing Corporation reported income of $366k and spending of $481k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $319k to $366k (+15%), an average of +3.6% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Central Point Housing Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OR. Charities of a similar size with the same main cause include Mercy Place Belmont Inc ($366k), Chassa Sawyer Gardens Inc ($367k) and Santa Monica New Hope Courtyard Apartments ($366k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $65k. At year end it held assets of $3.2m against liabilities of $168k, net assets of $3.0m.

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.