Rio Housing Association Inc

Analysis

Rio Housing Association Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1997, 29 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 June 2024, Rio Housing Association Inc reported income of $133k and spending of $153k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $113k to $133k (+18%), an average of +3.4% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rio Housing Association Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within WI. Charities of a similar size with the same main cause include Kceoc Housing Corporation ($133k), Northern Area Homes Inc ($133k) and Gladstone Housing Inc ($133k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $37k. At year end it held assets of $640k against liabilities of $15k, net assets of $625k. It reported 3 employees.

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.