Richmond Neighborhood Housing Services Inc

Analysis

Richmond Neighborhood Housing Services Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, Richmond Neighborhood Housing Services Inc reported income of $2.5m and spending of $2.8m, spending 110% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income grew from $702k to $2.5m (+260%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Neighborhood Housing Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Kissito Healthcare Inc ($2.5m), Rebound Inc ($2.5m) and Buhl Park Corporation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $161k (5.8% of expenses). Other salaries and wages came to $849k. At year end it held assets of $9.6m against liabilities of $6.6m, net assets of $3.0m. It reported 19 employees.