Rhema Housing Inc

Analysis

Rhema Housing Inc is a registered charity in United States, based in Powden Springs, GA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhema Housing Inc reported income of $3.2m and spending of $2.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $3.2m (+1827%), an average of +110% a year. The sharpest change came in the year to December 2020, when income rose by 548%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rhema 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 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Frankford Community Development Corporation ($3.2m), Elan Gardens Inc ($3.2m) and Our Lady of Providence VT Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $25k (0.9% of expenses). Other salaries and wages came to $93k. At year end it held assets of $2.7m against liabilities of $31k, net assets of $2.7m. It reported 5 employees.