First Richland Morrow Housing Inc VI

Analysis

First Richland Morrow Housing Inc VI 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 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 December 2023, First Richland Morrow Housing Inc VI reported income of $180k and spending of $222k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $180k (+9.0%), an average of +2.2% a year. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Richland Morrow Housing Inc VI sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Mukilteo Food Bank ($180k), Tutti Bambini ($180k) and Southport Island Association ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Other salaries and wages came to $33k. At year end it held assets of $443k against liabilities of $1.6m, net assets of -$1.2m.

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.