First Richland Morrow Housing Inc X

Analysis

First Richland Morrow Housing Inc X 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 X reported income of $152k and spending of $186k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $152k (+18%), an average of +4.3% a year. Over the whole period it spent 131% 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 X sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Community Care Resources Inc ($152k), Ashas House ($152k) and Msaa Jacksonville Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Other salaries and wages came to $24k. At year end it held assets of $605k against liabilities of $1.4m, net assets of -$794k.

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.