Residents Development Corporation

Analysis

Residents Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, Residents Development Corporation reported income of $95k and spending of $89k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $178k to $95k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Residents Development Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Watertown Aquatic Team - Wat ($95k), Parent Booster USA Inc ($95k) and California State College Sonoma Alumni Association Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 18% of the total. At year end it held assets of $416k against liabilities of $11k, net assets of $406k.