Rice Lake Housing Authority Inc

Analysis

Rice Lake Housing Authority Inc is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rice Lake Housing Authority Inc reported income of $308k and spending of $221k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $308k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rice Lake Housing Authority Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Orange Housing Development Corp ($308k), Church Street Estates Corp ($308k) and Bridge House 11 Corporation ($308k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 66% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.8m against liabilities of $64k, net assets of $1.8m. It reported 7 employees.