RVM Klamath Falls Housing Corporation

Analysis

RVM Klamath Falls Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in March 1994, 32 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 Klamath Falls Housing Corporation reported income of $341k and spending of $352k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $264k to $341k (+29%), an average of +6.6% 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 Klamath Falls Housing Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within OR. Charities of a similar size with the same main cause include Manor Management Inc ($341k), Eagle Valley Senior Housing Inc ($341k) and Mirabella Washington Foundation ($341k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.0m against liabilities of $103k, net assets of $926k.

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.