River Town Heights Inc

Analysis

River Town Heights Inc is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in July 1986, 40 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 December 2023, River Town Heights Inc reported income of $76k and spending of $63k, spending 83% of its income. Across the 6 years on record, from September 2019 to December 2023, income fell from $265k to $76k (-71%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, River Town Heights Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Greater Springfield Residences Inc ($76k), Lucy Stone Community Cooperatives Inc ($76k) and Aztex Homes for Ederly Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $399k against liabilities of $228k, net assets of $171k. It reported 3 employees.