RVM Ft Worth Housing Corporation

Analysis

RVM Ft Worth Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in July 1997, 29 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 2023, RVM Ft Worth Housing Corporation reported income of $429k and spending of $473k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $361k to $429k (+19%), an average of +4.4% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Ft Worth Housing Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within OR. Charities of a similar size with the same main cause include Harlem Community Initiative Housing Development Fund Corporation ($429k), Operation Sterilization Outreach Services Inc ($429k) and Rebuilding Together Platte Valley East Inc ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.6m against liabilities of $48k, net assets of $1.6m.

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.