The Resident Home Corporation

Analysis

The Resident Home Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1964, 62 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, The Resident Home Corporation reported income of $10.8m and spending of $10.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $10.8m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Resident Home Corporation sits at the 95th 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 96th percentile within OH. Charities of a similar size with the same main cause include International Care Ministries ($10.8m), The Teen Project Inc ($10.8m) and Residential Options Inc ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $242k (2.4% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $9.3m against liabilities of $837k, net assets of $8.4m. It reported 247 employees.