Hampton Roads Residential Services Inc

Analysis

Hampton Roads Residential Services Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Hampton Roads Residential Services Inc reported income of $872k and spending of $855k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $872k (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hampton Roads Residential Services Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include U M Army ($872k), Cobbs Creek Housing Services Inc ($873k) and Volunteer Homes for Elderly ($872k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $349k (41% of expenses). Other salaries and wages came to $316k. At year end it held assets of $298k against liabilities of $68k, net assets of $229k. It reported 20 employees.