Central Iowa Residential Services Inc

Analysis

Central Iowa Residential Services Inc is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in November 1977, 49 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 June 2024, Central Iowa Residential Services Inc reported income of $8.5m and spending of $8.4m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.6m to $8.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Iowa Residential Services 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 95th percentile within IA. Charities of a similar size with the same main cause include Every Child Succeeds Inc ($8.5m), Kidvantage ($8.5m) and The Marion and Aaron Gural JCC Inc ($8.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $186k (2.2% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $5.8m against liabilities of $960k, net assets of $4.9m. It reported 179 employees.