Residence Living of Trumbull County Inc

Analysis

Residence Living of Trumbull County Inc is a registered charity in United States, based in Niles, OH. It received its IRS tax-exemption ruling in February 1996, 30 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, Residence Living of Trumbull County Inc reported income of $253k and spending of $180k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $774k to $253k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 75%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residence Living of Trumbull County Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Marketplace of Ideas-Marketplace for Kids Inc ($253k), Valleycast Inc ($253k) and Good Ole Boy Foundation Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 48% of the total. At year end it held assets of $6.8m against liabilities of $5,286, net assets of $6.8m.