Five Rivers Home Inc

Analysis

Five Rivers Home Inc is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Five Rivers Home Inc reported income of $62k and spending of $72k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $62k to $62k (+0.9%), an average of +0.2% a year. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Five Rivers Home Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Friends of Folsom ($62k), Maxcen Farmers Corporation Oklahoma Branch Inc ($62k) and Tri-State Turf Research Foundation Inc ($62k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $505k against liabilities of $592k, net assets of -$87k.

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.