RVM Housing Corporation

Analysis

RVM Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in August 1984, 42 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 June 2023, RVM Housing Corporation reported income of $450k and spending of $485k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $373k to $450k (+21%), an average of +4.8% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Housing Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OR. Charities of a similar size with the same main cause include Woodys Home Inc ($450k), Ahepa 60 Inc ($450k) and Nehemiah Project LA Inc ($450k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $94k. At year end it held assets of $1.1m against liabilities of $1.9m, net assets of -$807k.

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.