Caring Residential Services VIII Inc

Analysis

Caring Residential Services VIII Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 VIII Inc reported income of $127k and spending of $87k, leaving 32% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income grew from $123k to $127k (+3.4%), an average of +3.4% a year. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caring Residential Services VIII Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Adirondack Housing Development Corporation ($127k), Northside Church of Christ Housing Development Fund Company Inc ($127k) and Aasc Housing I Inc ($127k).

On its Form 990-EZ for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $296k against liabilities of $164k, net assets of $132k.