Reliant Asset Management Solutions

Analysis

Reliant Asset Management Solutions is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in October 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reliant Asset Management Solutions reported income of $1.0m and spending of $880k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $903k to $1.0m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reliant Asset Management Solutions sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Gibson Foundation Resource Center Inc ($1.0m), Pocahontas Housing Authority Inc ($1.0m) and River City Community Development Corporation ($1.0m).

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 $650 (0.1% of expenses). Other salaries and wages came to $356k. At year end it held assets of $599k against liabilities of $143k, net assets of $456k. It reported 53 employees.