Florence RHF Housing Inc

Analysis

Florence RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1987, 39 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 September 2023, Florence RHF Housing Inc reported income of $4.5m and spending of $1.9m, leaving 59% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $4.5m (+103%), an average of +19% a year. The sharpest change came in the year to September 2023, when income rose by 149%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Florence RHF Housing Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Trinity Affordable Housing Corporation ($4.5m), Mountain Housing Opportunities Inc ($4.5m) and North Carolina Housing Services and Management Corporation ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 25% of the total. Other salaries and wages came to $619k. At year end it held assets of $42k against liabilities of $1,990, net assets of $40k. It reported 52 employees.