First Richland-Morrow Housing Inc II

Analysis

First Richland-Morrow Housing Inc II is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in July 1989, 37 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 December 2023, First Richland-Morrow Housing Inc II reported income of $359k and spending of $335k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $359k (+5.5%), an average of +1.3% a year. Over the whole period it spent 95% 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 II sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Oregon City Swim Team ($359k), Vallejo Symphony Association ($359k) and Friends of the New Orleans Public Library ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $40k. At year end it held assets of $450k against liabilities of $561k, net assets of -$111k.