Residential Management Services Inc

Analysis

Residential Management Services Inc is a registered charity in United States, based in Kensington, CT. It received its IRS tax-exemption ruling in February 1980, 46 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, Residential Management Services Inc reported income of $5.8m and spending of $5.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.8m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Management Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Turkish-American Religious Foundation ($5.8m), Share Our Spare ($5.8m) and Angel of God Resource Center ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $397k (6.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $2.2m against liabilities of $2.9m, net assets of -$646k. It reported 589 employees.