Bonham RHF Housing Inc

Analysis

Bonham RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 February 2024, Bonham RHF Housing Inc reported income of $421k and spending of $481k, spending 114% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $414k to $421k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to February 2022, when income rose by 126%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bonham RHF Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Mountain Vista Retirement Residence ($420k), Villa at Meadow View Inc ($421k) and Our Coastal Village Foundation Inc ($420k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $2.5m against liabilities of $3.6m, net assets of -$1.1m.

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.