New England Residential Services Inc

Analysis

New England Residential Services Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in August 2001, 25 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 (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, New England Residential Services Inc reported income of $7.3m and spending of $7.3m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.0m to $7.3m (+5.0%), an average of +1.6% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New England Residential Services Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Buhler Sunshine Home Inc ($7.3m), St Anns Foundation Inc ($7.4m) and Cook Childrens Health Enterprises ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $121k (1.7% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $4.6m against liabilities of $2.9m, net assets of $1.7m. It reported 147 employees.