Cardinal Ritter Institute Residential Services Corporation

Analysis

Cardinal Ritter Institute Residential Services Corporation is a registered charity in United States, based in Saint Louis, MO. 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, Cardinal Ritter Institute Residential Services Corporation reported income of $1.7m and spending of $2.1m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.4m to $1.7m (-61%), an average of -21% a year. The sharpest change came in the year to June 2022, when income dropped by 45%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cardinal Ritter Institute Residential Services Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Senior Citizens Service Inc ($1.7m), Seeds of Literacy ($1.7m) and Meals on Wheels of Cheyenne Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $101k (4.8% of expenses). Other salaries and wages came to $488k. At year end it held assets of $562k against liabilities of $807k, net assets of -$245k.

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.