Residential Support Service of Wake County Inc

Analysis

Residential Support Service of Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1977, 49 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 Support Service of Wake County Inc reported income of $1.9m and spending of $1.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.9m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Support Service of Wake County Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Baltimore Safe Haven ($1.9m), Childrens Nutrition of Florida Inc ($1.9m) and Main Street Child Development Center Incorporated ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $119k (7.2% of expenses). Other salaries and wages came to $780k. At year end it held assets of $747k against liabilities of $0, net assets of $747k. It reported 50 employees.