Ohio Valley Residential Services Inc

Analysis

Ohio Valley Residential Services Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1974, 52 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, Ohio Valley Residential Services Inc reported income of $10.5m and spending of $10.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $10.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ohio Valley Residential Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Allies for Every Child Inc ($10.5m), Ocean Community YMCA ($10.5m) and United Food Force Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $287k (2.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $12.0m against liabilities of $907k, net assets of $11.1m. It reported 296 employees.