RVM Myrtle Creek Housing Corporation

Analysis

RVM Myrtle Creek Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in August 1992, 34 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 Myrtle Creek Housing Corporation reported income of $357k and spending of $380k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $271k to $357k (+32%), an average of +7.1% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Myrtle Creek Housing Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within OR. Charities of a similar size with the same main cause include Independent Living Horizons Six Inc ($357k), Litchfield Housing Trust Inc ($357k) and West End Elderly Housing Corporation ($357k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $68k. At year end it held assets of $906k against liabilities of $54k, net assets of $851k.