Caring Residential Services III Inc

Analysis

Caring Residential Services III Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 March 2023, Caring Residential Services III Inc reported income of $58k and spending of $103k, spending 178% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $59k to $58k (-2.2%), an average of -0.6% a year. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caring Residential Services III Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Caribbean Neurosurgery Foundation ($58k), Greater Miami Valley Emergency Medical Services Council Inc ($58k) and Team MB - Hunt for the Cure a NJ Nonprofit Corporation ($58k).

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 $15k. At year end it held assets of $885k against liabilities of $313k, net assets of $572k.

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.