Resident Advancement Inc

Analysis

Resident Advancement Inc is a registered charity in United States, based in Fenton, MI. It received its IRS tax-exemption ruling in December 1988, 38 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 September 2024, Resident Advancement Inc reported income of $7.5m and spending of $7.5m, spending 100% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $7.4m to $7.5m (+1.4%), an average of +0.3% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resident Advancement Inc 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 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Council on Aging-Southern California Inc ($7.5m), Child Welfare Innovation Inc ($7.5m) and Catholic Human Services Inc ($7.5m).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $3.3m against liabilities of $521k, net assets of $2.8m. It reported 213 employees.