National Church Residences

Analysis

National Church Residences is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1962, 64 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, National Church Residences reported income of $6.3m and spending of $7.3m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $6.3m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Church Residences sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Urban Arts Partnership ($6.3m), Society of St Vincent de Paul in the Archdiocese of Boston Inc ($6.3m) and Operation Gratitude Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $14.8m against liabilities of $32.5m, net assets of -$17.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.