Rutherford Housing Partnership Inc

Analysis

Rutherford Housing Partnership Inc is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rutherford Housing Partnership Inc reported income of $1.0m and spending of $1.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $1.0m (+206%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rutherford Housing Partnership Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Immaculate Heart of Mary Inc ($1.0m), Saint Giannas Home Inc ($1.0m) and Country Gift & Thrift Shoppe Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Other salaries and wages came to $232k. At year end it held assets of $915k against liabilities of $90k, net assets of $825k. It reported 14 employees.