Des Moines RHF Housing Inc

Analysis

Des Moines RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 1990, 36 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 October 2023, Des Moines RHF Housing Inc reported income of $306k and spending of $369k, spending 121% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $267k to $306k (+15%), an average of +3.6% a year. The sharpest change came in the year to October 2023, when income rose by 35%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Des Moines RHF Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include PTA Colorado Congress ($306k), University of Wisconsin Stevens Point Paper Science Foundation Inc ($307k) and Gospel Harvesters International ($306k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 43% and program service revenue 36% of the total. At year end it held assets of $1.4m against liabilities of $2.9m, net assets of -$1.4m.

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.