West Bay Residential Services Inc

Analysis

West Bay Residential Services Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, West Bay Residential Services Inc reported income of $26.9m and spending of $26.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.0m to $26.9m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, West Bay Residential Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include Marthas Table ($26.9m), Washington and Jane Smith Community Beverly ($26.9m) and Pilgrim Place in Claremont ($26.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $256k (1.0% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $15.3m against liabilities of $2.5m, net assets of $12.8m.