First Richland Morrow Housing Inc V

Analysis

First Richland Morrow Housing Inc V is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in August 1996, 30 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 (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 V reported income of $162k and spending of $198k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $162k (+14%), an average of +3.3% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Richland Morrow Housing Inc V sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Partners in Action Inc ($162k), Bridgeway McKinley ($162k) and Vance Housing Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $28k. At year end it held assets of $576k against liabilities of $1.3m, net assets of -$705k.

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.