RVM Bend Housing Corporation

Analysis

RVM Bend 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, RVM Bend Housing Corporation reported income of $385k and spending of $435k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $309k to $385k (+25%), an average of +5.7% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Bend Housing Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within OR. Charities of a similar size with the same main cause include Shepherd Oak Apartments Inc ($384k), Housing Development Corporation ($385k) and BHS Community Development Corporation ($384k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.1m against liabilities of $49k, net assets of $1.0m.

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.