RVM Myrtle Creek II Housing Corporation

Analysis

RVM Myrtle Creek II Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in May 2000, 26 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 Myrtle Creek II Housing Corporation reported income of $211k and spending of $236k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $168k to $211k (+25%), an average of +5.8% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Myrtle Creek II Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OR. Charities of a similar size with the same main cause include Asi Mobile Inc an Alabama Nonprofit Corporation ($211k), Jay Johnston and Ralph Weiser Residential Centers Inc ($211k) and Champion Community Senior Housing Inc ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.1m against liabilities of $43k, net assets of $1.0m.

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.