Inrc Services Corp

Analysis

Inrc Services Corp is a registered charity in United States, based in Holtsville, NY. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inrc Services Corp reported income of $723k and spending of $496k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $784k to $723k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 300%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Inrc Services Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Courtyard Affordable Housing Corp ($722k), Trinity Community Ministries Inc ($723k) and Metacomet Homes Inc ($722k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11.5m against liabilities of $7.9m, net assets of $3.6m.