RVM Yreka Housing Corporation

Analysis

RVM Yreka 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 Yreka Housing Corporation reported income of $318k and spending of $412k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $275k to $318k (+16%), an average of +3.7% 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 Yreka Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OR. Charities of a similar size with the same main cause include Peninsula Housing Development Inc Xviii ($318k), Ahepa 284 III Inc ($318k) and Spotsylvania United Methodist Housing Corporation ($318k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.1m against liabilities of $70k, net assets of $995k.

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.