Salem RHF Housing Inc

Analysis

Salem RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Salem RHF Housing Inc reported income of $453k and spending of $671k, spending 148% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $332k to $453k (+37%), an average of +8.1% a year. The sharpest change came in the year to March 2023, when income rose by 75%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salem RHF Housing Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Elmhurst House Inc ($453k), Paula Apartments Inc ($453k) and Winchester Area Temporary Thermal Shelter ($453k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 42% and program service revenue 55% of the total. At year end it held assets of $3.9m against liabilities of $6.4m, net assets of -$2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.