RVM Eugene Housing Corp

Analysis

RVM Eugene Housing Corp is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in June 1996, 30 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 Eugene Housing Corp reported income of $577k and spending of $620k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $430k to $577k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 18%. 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 Eugene Housing Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Ms St Fed of Colored Womens Club HSG for the Elderly in Grenada Inc ($577k), Greater Muskogee Community Foundation ($577k) and Junction City Harrisburg Monroe Habitat for Humanity ($576k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $156k. At year end it held assets of $2.1m against liabilities of $87k, net assets of $2.0m.

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.