RVM Portland Housing Corporation

Analysis

RVM Portland Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in April 2001, 25 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 Portland Housing Corporation reported income of $418k and spending of $526k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $325k to $418k (+29%), an average of +6.5% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Portland 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 67th percentile within OR. Charities of a similar size with the same main cause include Shiloh Manor Inc ($418k), Habitat for Humanity International Inc ($418k) and RVM Ashland Housing Corporation ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $93k. At year end it held assets of $2.5m against liabilities of $84k, net assets of $2.4m.

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.