First Richland Morrow Housing Inc IV

Analysis

First Richland Morrow Housing Inc IV is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in June 1995, 31 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 IV reported income of $195k and spending of $231k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $195k (+2.3%), an average of +0.6% a year. Over the whole period it spent 139% 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 IV sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include Pittsford United Nursery School ($195k), Little League Baseball Inc ($195k) and Morro Bay Art Association ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $33k. At year end it held assets of $506k against liabilities of $1.3m, net assets of -$834k.

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.