Mr Residences Inc

Analysis

Mr Residences Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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 June 2023, Mr Residences Inc reported income of $64k and spending of $79k, spending 124% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $68k to $64k (-5.9%), an average of -5.9% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mr Residences Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within PA. Charities of a similar size with the same main cause include PTA North Carolina Congress ($64k), World Evangelistic Rescue Corporate Church of God ($64k) and The Oriole Advocate Charitable Foundation Inc ($64k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 70% of the total. At year end it held assets of $385k against liabilities of $436k, net assets of -$50k.