Tbi Residential Services Inc

Analysis

Tbi Residential Services Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in September 2004, 22 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, Tbi Residential Services Inc reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tbi Residential Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include K Star Inc ($1.6m), Ginfl Services Inc ($1.6m) and Livingston Food Pantry of Park County ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 83% of the total. Other salaries and wages came to $729k. At year end it held assets of $3.5m against liabilities of $1.1m, net assets of $2.4m. It reported 23 employees.