Richmond Urban Senior Housing Incorporated

Analysis

Richmond Urban Senior Housing Incorporated is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richmond Urban Senior Housing Incorporated reported income of $518k and spending of $578k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $452k to $518k (+15%), an average of +3.5% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Richmond Urban Senior Housing Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Saratoga Court Inc Fran Wagstaff Officer ($518k), Bivins Village Phase II ($519k) and Sarges Veterans Support ($518k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $51k. At year end it held assets of $2.8m against liabilities of $67k, net assets of $2.7m.

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.