First Richland Morrow Housing Inc IX

Analysis

First Richland Morrow Housing Inc IX 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 IX reported income of $133k and spending of $185k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $133k (+0.3%), an average of +0.1% a year. Over the whole period it spent 137% 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 IX sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Northern Area Homes Inc ($133k), Independence Village Inc ($133k) and Rio Housing Association Inc ($133k).

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 $23k. At year end it held assets of $570k against liabilities of $1.5m, net assets of -$890k.

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.