RVM Medford III Housing Corporation

Analysis

RVM Medford III 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 Medford III Housing Corporation reported income of $407k and spending of $499k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $350k to $407k (+16%), an average of +3.9% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Medford III Housing Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Zach Speegle Ministries ($407k), Pembroke Housing for the Elderlyinc ($407k) and Colter Commons Inc ($407k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Other salaries and wages came to $110k. At year end it held assets of $2.2m against liabilities of $55k, net assets of $2.1m.

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.