RVM Ft Worth II Housing Corporation

Analysis

RVM Ft Worth II Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in May 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 (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 Ft Worth II Housing Corporation reported income of $315k and spending of $426k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $267k to $315k (+18%), an average of +4.2% a year. Over the whole period it spent 124% 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 II Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OR. Charities of a similar size with the same main cause include Ryes Manor Senior Citizens Apartmen Housing Development Fund Corp ($315k), 1st Life Planning Parents & Partners ($315k) and Memphis Chamber Foundation ($315k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Other salaries and wages came to $111k. At year end it held assets of $1.2m against liabilities of $114k, net assets of $1.1m.

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.