Ashtabula County Residential Services Corporation

Analysis

Ashtabula County Residential Services Corporation is a registered charity in United States, based in Conneaut, OH. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Ashtabula County Residential Services Corporation reported income of $3.7m and spending of $3.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.7m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashtabula County Residential Services Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include New Mexico Farmers Marketing Association ($3.7m), Kennedys Care Enterprise Inc ($3.7m) and Jewish Union Foundation Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $144k (4.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.4m against liabilities of $681k, net assets of $4.8m. It reported 96 employees.