Rcil-Olmsted Barrier Free Housing Corporation

Analysis

Rcil-Olmsted Barrier Free Housing Corporation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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-Olmsted Barrier Free Housing Corporation reported income of $336k and spending of $368k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $282k to $336k (+19%), an average of +4.5% a year. The sharpest change came in the year to September 2020, when income rose by 125%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rcil-Olmsted Barrier Free Housing Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Ptsa Connecticut Inc ($336k), Casper Amateur Hockey Club Inc ($336k) and Northland Public Library Foundation ($336k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Other salaries and wages came to $46k. At year end it held assets of $2.0m against liabilities of $1.7m, net assets of $261k.