RVM Bend II Housing Corporation

Analysis

RVM Bend II Housing Corporation is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in February 1997, 29 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 Bend II Housing Corporation reported income of $225k and spending of $262k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $179k to $225k (+25%), an average of +5.8% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, RVM Bend II Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Walter S Brooks Elderly Homes at Ormont Court Inc ($224k), Cabell-Huntington Unity Apartments Inc ($225k) and Rubicon Homes ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $34k. At year end it held assets of $929k against liabilities of $32k, net assets of $897k.

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.