Revitz House Corporation

Analysis

Revitz House Corporation is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 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, Revitz House Corporation reported income of $6.0m and spending of $4.7m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $6.0m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Revitz House Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Housing Partnership Development Corporation ($6.0m), Community Revitalization and Development Corporation ($6.1m) and York Union Rescue Mission Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $686k. At year end it held assets of $13.8m against liabilities of $744k, net assets of $13.0m. It reported 18 employees.