RGV Inclusive Project Inc

Analysis

RGV Inclusive Project Inc is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in September 2022, 4 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, RGV Inclusive Project Inc reported income of $581k and spending of $144k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $222k to $581k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 20% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RGV Inclusive Project Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Gratiot Woods Non-Profit Housing Corp ($581k), 209 South 2nd Street Housing Development Fund Corporation ($581k) and Jane Place Neighborhood Sustainability Initiative ($581k).

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 $2.0m against liabilities of $1.4m, net assets of $640k.