Catholic Residential Services Inc

Analysis

Catholic Residential Services Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Catholic Residential Services Inc reported income of $17.3m and spending of $16.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.8m to $17.3m (+17%), an average of +4.0% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Residential Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include The Arc of Palm Beach County Inc ($17.3m), Tockwotton Home ($17.3m) and Bixby Knolls Towers Inc ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $7.2m. At year end it held assets of $7.3m against liabilities of $5.9m, net assets of $1.4m. It reported 420 employees.