Rapid City Supportive Housing Inc

Analysis

Rapid City Supportive Housing Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in May 1997, 29 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, Rapid City Supportive Housing Inc reported income of $118k and spending of $183k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $128k to $118k (-7.4%), an average of -1.9% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rapid City Supportive Housing Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include West Bergen Specialized Housing Inc ($118k), Ex-Saker Students Association USA Inc ($118k) and Tiny Hope Village ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $27k. At year end it held assets of $733k against liabilities of $60k, net assets of $673k.

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.