Residential Resources Development Corporation

Analysis

Residential Resources Development Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Development Corporation reported income of $100k and spending of $132k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $78k to $100k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Residential Resources Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Sheridan Community Education Foundation Inc ($100k), Sidhpur Foundation ($100k) and Otis Preservation Trust Inc ($100k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $877k against liabilities of $1.2m, net assets of -$363k.