RVM Reedsport Housing Corporation

Analysis

RVM Reedsport Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in November 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 Reedsport Housing Corporation reported income of $302k and spending of $368k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $219k to $302k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Reedsport Housing Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OR. Charities of a similar size with the same main cause include Crystal Run Owner Corporation ($302k), 280 East 166th Street Housing Development Fund Corp ($302k) and Jerusalem Judson Meadows Inc ($302k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Other salaries and wages came to $83k. At year end it held assets of $954k against liabilities of $59k, net assets of $895k.