Residential Continuum Inc

Analysis

Residential Continuum Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 1982, 44 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 2023, Residential Continuum Inc reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $900k to $1.2m (+36%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Continuum Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Caldwell Council on Aging Inc ($1.2m), Cornerstone Foundations for Families ($1.2m) and Early Childhood Partners Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 104% of the total. At year end it held assets of $10.0m against liabilities of $5.2m, net assets of $4.9m.