The Russell House Inc

Analysis

The Russell House Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in November 1979, 47 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, The Russell House Inc reported income of $1.4m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+14%), an average of +3.3% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Russell House Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include LA Casa de Felicidad Housing Development Fund Corporation ($1.4m), Skagit Council Housing ($1.4m) and Diamond View Residents Association Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $424k. At year end it held assets of $3.8m against liabilities of $2.7m, net assets of $1.1m.