Caring Residential Services II Inc

Analysis

Caring Residential Services II Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in January 2005, 21 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 March 2023, Caring Residential Services II Inc reported income of $323k and spending of $524k, spending 163% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $319k to $323k (+1.1%), an average of +0.3% a year. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caring Residential Services II Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include South Brooklyn Renewal Housing Development Fund Corporation ($323k), Bristol Bay Housing Development Corporation ($323k) and Casita Coalition ($322k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $5.1m against liabilities of $963k, net assets of $4.2m.

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.