Residential Facilities Corp

Analysis

Residential Facilities Corp is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Residential Facilities Corp reported income of $196k and spending of $190k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $207k to $196k (-5.4%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Residential Facilities Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Mount Calvary Cemetary Association ($196k), Lutheran Church of South Sudan ($196k) and New Day Pregnancy Care Center Inc ($196k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $270k against liabilities of $760k, net assets of -$490k.