Residential Services Inc

Analysis

Residential Services Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in March 1977, 49 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 2023, Residential Services Inc reported income of $11.3m and spending of $12.4m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $11.3m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Residential Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include NCRNC Inc ($11.3m), Bridge Over Troubled Waters Inc ($11.3m) and A New Way of Life Reentry Project ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $183k (1.5% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $17.1m against liabilities of $1.4m, net assets of $15.7m. It reported 382 employees.