Old Town Residential Services Corporation

Analysis

Old Town Residential Services Corporation is a registered charity in United States, based in Old Town, ME. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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 March 2023, Old Town Residential Services Corporation reported income of $971k and spending of $1.0m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $876k to $971k (+11%), an average of +2.6% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Town Residential Services Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include Southern Parkland Youth Association ($971k), Habitat for Humanity International Inc ($971k) and The H E L P USA Fund Inc ($970k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $448k. At year end it held assets of $1.3m against liabilities of $636k, net assets of $625k. It reported 19 employees.