First Richland - Morrow Housing Inc

Analysis

First Richland - Morrow Housing Inc is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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 December 2023, First Richland - Morrow Housing Inc reported income of $235k and spending of $230k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $235k (-11%), an average of -2.8% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Richland - Morrow Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Casa de Paz Housing Services Inc ($235k), Helping Hands of Eaton County Inc ($235k) and Facilities Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Other salaries and wages came to $31k. At year end it held assets of $186k against liabilities of $422k, net assets of -$236k.