Catholic Residential Services

Analysis

Catholic Residential Services is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Catholic Residential Services reported income of $4.4m and spending of $4.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.4m (+31%), an average of +6.9% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Residential Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Interfaith Community Services Inc ($4.4m), Golden Key Center for Exceptionalchildren Inc ($4.4m) and Presbyterian Family Foundation Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $156k (3.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.1m against liabilities of $196k, net assets of $4.9m. It reported 185 employees.