Residential Group Homes Inc

Analysis

Residential Group Homes Inc is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in December 1984, 42 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 Group Homes Inc reported income of $4.8m and spending of $4.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.8m (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Residential Group Homes Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Council on Quality & Leadership in Supports for People with Disabilit ($4.8m), Palmetto AIDS Life Support Services ($4.8m) and Cannon Beach Conference Center ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $173k (3.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $4.8m against liabilities of $1.1m, net assets of $3.7m. It reported 118 employees.