Residential Resources Inc

Analysis

Residential Resources Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 1989, 37 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 June 2023, Residential Resources Inc reported income of $6.5m and spending of $4.4m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.5m (+19%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residential Resources Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Bethany Community Services Inc ($6.5m), Women Organizing Resources Knowledge and Services ($6.5m) and Colorado Village Collaborative ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $615k. At year end it held assets of $24.5m against liabilities of $5.7m, net assets of $18.8m. It reported 10 employees.