Rcil-Rochester Barrier Free Housing Corporation

Analysis

Rcil-Rochester Barrier Free Housing Corporation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in December 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rcil-Rochester Barrier Free Housing Corporation reported income of $569k and spending of $570k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $483k to $569k (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rcil-Rochester Barrier Free Housing Corporation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Texas Community Builders ($569k), Capitol Retirement Village Inc ($569k) and He Ala Hou O Ke Ola Inc ($569k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $73k. At year end it held assets of $2.7m against liabilities of $3.2m, net assets of -$510k.