Rush Homes Inc

Analysis

Rush Homes Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in January 1998, 28 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, Rush Homes Inc reported income of $521k and spending of $807k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $847k to $521k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rush Homes Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Fort Lauderdale Community Development Corporation Inc ($521k), WTFS Housing Association Inc ($521k) and Shiloh Manor Inc ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $66k (8.2% of expenses). Other salaries and wages came to $338k. At year end it held assets of $4.6m against liabilities of $3.0m, net assets of $1.6m. It reported 11 employees.