Santa Monica RHF Housing Inc

Analysis

Santa Monica RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 September 2023, Santa Monica RHF Housing Inc reported income of $2.0m and spending of $1.0m, leaving 49% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $990k to $2.0m (+104%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 94%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Monica RHF Housing Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Knoxville Academy of Medicine Foundation ($2.0m), Lake Michigan Air Director Corsortium ($2.0m) and Bethlehem Baptist Church ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $3.5m against liabilities of $2.8m, net assets of $735k.