Residential Treatment Services of Alamance Inc

Analysis

Residential Treatment Services of Alamance Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2024, Residential Treatment Services of Alamance Inc reported income of $1.8m and spending of $2.0m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.9m to $1.8m (-7.8%), an average of -2.0% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Residential Treatment Services of Alamance Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Bigvision Foundation ($1.8m), St Louis Society for the Blind and Visually Impaired ($1.8m) and St Vincents Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.8% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $123k (6.3% of expenses). Other salaries and wages came to $997k. At year end it held assets of $2.1m against liabilities of $92k, net assets of $2.0m. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.