Rcil Southeastern Minnesota Barrier Free Housing Corporation

Analysis

Rcil Southeastern Minnesota Barrier Free Housing Corporation is a registered charity in United States, based in Wabasha, MN. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 September 2023, Rcil Southeastern Minnesota Barrier Free Housing Corporation reported income of $315k and spending of $351k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $284k to $315k (+11%), an average of +2.6% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rcil Southeastern Minnesota Barrier Free Housing Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Poulsbo Historical Society ($315k), Flavor Continues ($315k) and Therapeutic and Recreational Riding Center Inc ($315k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.6m against liabilities of $1.8m, net assets of -$171k.

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.