Olympic RHF Housing Inc

Analysis

Olympic RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 1998, 28 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 October 2023, Olympic RHF Housing Inc reported income of $665k and spending of $1.1m, spending 160% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $508k to $665k (+31%), an average of +6.9% a year. The sharpest change came in the year to October 2022, when income rose by 18%. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Olympic RHF Housing Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Family Renew Community Inc ($665k), Isaiah 58 New Hampshire ($665k) and Dupage Homeownership Center Inc ($664k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $6.4m against liabilities of $12.6m, net assets of -$6.2m.

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.