RVM Ashland Housing Corporation

Analysis

RVM Ashland Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in January 1989, 37 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 Ashland Housing Corporation reported income of $417k and spending of $475k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $356k to $417k (+17%), an average of +4.1% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Ashland Housing Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OR. Charities of a similar size with the same main cause include Housing Works East New York Housing Development Fund Company Inc ($417k), Shiloh Manor Inc ($418k) and Windham House Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $100k. At year end it held assets of $965k against liabilities of $1.6m, net assets of -$678k.

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.