Richmond Senior Housing Inc

Analysis

Richmond Senior Housing Inc is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in April 1996, 30 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 December 2023, Richmond Senior Housing Inc reported income of $354k and spending of $409k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $354k (+24%), an average of +5.6% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Richmond Senior Housing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include L W Fraser Independent Living Project Inc ($354k), Los Angeles Communities Advocating for Unity Social Justice & Action ($354k) and Amistad Housing Development Corporation ($354k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.1m against liabilities of $86k, net assets of $2.0m.

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.