National Church Residences

Analysis

National Church Residences is a registered charity in United States, based in Dublin, OH. It received its IRS tax-exemption ruling in May 1962, 64 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Church Residences reported income of $109.4m and spending of $82.4m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.9m to $109.4m (+144%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 122%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Church Residences sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Low Income Investment Fund ($108.0m), Way Finders Inc ($113.1m) and Weingart Center Association ($107.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $4.5m (5.4% of expenses). Other salaries and wages came to $26.1m. At year end it held assets of $219.1m against liabilities of $45.6m, net assets of $173.5m. It reported 3,218 employees.