Residential Inc

Analysis

Residential Inc is a registered charity in United States, based in New Lexington, OH. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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, Residential Inc reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.3m (+13%), an average of +3.2% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Residential Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Journey to New Life Inc ($2.3m), Northeast Business Group on Health Inc ($2.3m) and Peninsula Alliance ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $86k (3.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.6m against liabilities of $149k, net assets of $1.4m. It reported 55 employees.