Lynchburg Residential Services Inc

Analysis

Lynchburg Residential Services Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in February 1990, 36 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, Lynchburg Residential Services Inc reported income of $95k and spending of $104k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $95k (+0.5%), an average of +0.5% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynchburg Residential Services Inc 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 35th percentile within VA. Charities of a similar size with the same main cause include Mobile Meals of the Grand Strand Inc ($95k), Supportive Living Incorporated ($95k) and Triangle British Brass Band Ltd ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $255k against liabilities of $372k, net assets of -$117k.