Residential Support Services

Analysis

Residential Support Services is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Residential Support Services reported income of $6.8m and spending of $8.9m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.8m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residential Support Services 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 94th percentile, and in the 95th percentile within MT. Charities of a similar size with the same main cause include Community Resources & Housing Development Corporation ($6.8m), Caritas ($6.8m) and Community Housing of Maine Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $212k (2.4% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $4.1m against liabilities of $2.4m, net assets of $1.7m. It reported 220 employees.