Residential Experience in Adult Living Inc

Analysis

Residential Experience in Adult Living Inc is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in June 1983, 43 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 December 2023, Residential Experience in Adult Living Inc reported income of $3.6m and spending of $3.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.6m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Experience in Adult Living Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Masonic-Eastern Star Home for Children ($3.6m), South Coast Horizons ($3.6m) and Cross Roads Missions ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $195k (5.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.7m against liabilities of $800k, net assets of $2.9m. It reported 37 employees.