The River City Housing Collective Inc Univ of Iowa Memorial Union

Analysis

The River City Housing Collective Inc Univ of Iowa Memorial Union is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in October 1979, 47 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 May 2023, The River City Housing Collective Inc Univ of Iowa Memorial Union reported income of $91k and spending of $180k, spending 198% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $170k to $91k (-47%), an average of -19% a year. The sharpest change came in the year to May 2021, when income dropped by 29%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The River City Housing Collective Inc Univ of Iowa Memorial Union sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IA. Charities of a similar size with the same main cause include Lifted Up Ministries ($91k), Oswego Players ($91k) and Yucaipa-Calimesa Family Assistance ($91k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $394k against liabilities of $507k, net assets of -$113k.

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.