Residence Connection Inc

Analysis

Residence Connection Inc is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in February 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Residence Connection Inc reported income of $94k and spending of $145k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $94k to $94k (+0.2%), an average of +0.0% a year. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residence Connection Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Affordable Housing Preservation Foundation ($94k), Rappahannock Elder Housing Corp ($94k) and Wheatley Manor Apartments Inc ($94k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Other salaries and wages came to $6,964. At year end it held assets of $1.1m against liabilities of $53k, net assets of $1.0m.

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.