Prescott RHF Housing Inc

Analysis

Prescott RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 January 2024, Prescott RHF Housing Inc reported income of $524k and spending of $601k, spending 115% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $3.1m to $524k (-83%), an average of -36% a year. The sharpest change came in the year to January 2021, when income dropped by 65%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prescott RHF Housing Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Nantucket Community Service Inc ($524k), Little League Baseball Inc ($524k) and Mahavaipulya Buddhist Association ($524k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $3.8m against liabilities of $960k, net assets of $2.9m.

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.