R S & V P Property One Inc

Analysis

R S & V P Property One Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 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 September 2023, R S & V P Property One Inc reported income of $181k and spending of $227k, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $145k to $181k (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, R S & V P Property One Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NM. Charities of a similar size with the same main cause include Gracious Hands Transitional Housing for Women and Children ($181k), Brewton Voa Elderly Housing Inc ($181k) and HDF Community Land Trust Inc ($181k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $800k against liabilities of $1.5m, net assets of -$708k.

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.