Rivendell Homes Inc

Analysis

Rivendell Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Rivendell Homes Inc reported income of $99k and spending of $138k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $93k to $99k (+6.8%), an average of +2.2% a year. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rivendell Homes Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Reins of Hope Therapeutic ($99k), Ears to You ($99k) and Karl Potach Foundation ($99k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $733k against liabilities of $1.3m, net assets of -$558k.

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.