Residency Unlimited Inc

Analysis

Residency Unlimited Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Residency Unlimited Inc reported income of $914k and spending of $800k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $645k to $914k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Residency Unlimited Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Christian Arts and Theatre of Corona ($914k), National Womens Studies Association University of Maryland ($915k) and Barnegat Bay Decoy & Baymens Museum ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $65k (8.1% of expenses). Other salaries and wages came to $81k. At year end it held assets of $1.0m against liabilities of $17k, net assets of $987k. It reported 3 employees.