Resolute Adult Living Facility

Analysis

Resolute Adult Living Facility is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2018, 8 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 December 2023, Resolute Adult Living Facility reported income of $213k and spending of $205k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $217k to $213k (-1.8%), an average of -0.9% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Resolute Adult Living Facility sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Kiryas Joel Community Housing Development Organization Inc ($213k), Beloit Assisted Living Inc ($213k) and Light the Way Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.