River City Housing Inc

Analysis

River City Housing Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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, River City Housing Inc reported income of $2.5m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.5m (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 795%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River City Housing Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Film Streams Inc ($2.5m), Dance Institute of Washington Inc ($2.5m) and Oxnard-Pathway to Educated Nutrition Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $111k (4.9% of expenses). Other salaries and wages came to $144k. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m. It reported 5 employees.