First Richland Morrow Housing Inc VIII

Analysis

First Richland Morrow Housing Inc VIII is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in January 2001, 25 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 VIII reported income of $147k and spending of $193k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $147k (+2.2%), an average of +0.5% a year. Over the whole period it spent 129% 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 VIII sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include North Oak Cliff Community Development Corporation ($147k), New Genesis Homeless Inc ($147k) and Colver Development Corp ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $25k. At year end it held assets of $602k against liabilities of $1.4m, net assets of -$823k.

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.