RHF Foundation

Analysis

RHF Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 1998, 28 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 September 2023, RHF Foundation reported income of $62.4m and spending of $21.5m, leaving 65% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.0m to $62.4m (+789%), an average of +73% a year. The sharpest change came in the year to September 2023, when income rose by 2394%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RHF Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Highland Park Community Development Corporation ($61.9m), National Community Renaissance of California ($62.6m) and Plymouth Housing Group ($60.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 10% of the total. Other salaries and wages came to $684k. At year end it held assets of $308.1m against liabilities of $81.2m, net assets of $226.9m. It reported 12 employees.