Revitalization Effort Toward New Urbanism

Analysis

Revitalization Effort Toward New Urbanism is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in July 2019, 7 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, Revitalization Effort Toward New Urbanism reported income of $58k and spending of $18k, leaving 69% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $525k to $58k (-89%), an average of -52% a year. The sharpest change came in the year to December 2023, when income rose by 401%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Revitalization Effort Toward New Urbanism sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Community Services Second Housing Corporation ($58k), Mosaic Housing Corp Xix - Winfield ($58k) and Hope Renewed Realty Corporation ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $142k, net assets of $1.1m.