Salvation Army Missoula Residences Inc

Analysis

Salvation Army Missoula Residences Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in April 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Salvation Army Missoula Residences Inc reported income of $351k and spending of $490k, spending 140% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $346k to $351k (+1.3%), an average of +0.3% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salvation Army Missoula Residences Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Lutheran Nonprofit Housing Coprporation-Calvary ($350k), Montello Welcome Home Inc ($351k) and Reach Project ($350k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. Other salaries and wages came to $60k. At year end it held assets of $4.1m against liabilities of $479k, net assets of $3.7m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.