Richland Four Ninety Inc

Analysis

Richland Four Ninety Inc is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in August 1991, 35 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 June 2024, Richland Four Ninety Inc reported income of $189k and spending of $173k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $183k to $189k (+3.4%), an average of +3.4% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Richland Four Ninety Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include Sabin Group I ($189k), Lenoir City Housing & Community Development Corporation ($189k) and Covington Voa Elderly Housing Inc ($189k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $244k against liabilities of $985k, net assets of -$741k.