Surry-Yadkin Residential Services

Analysis

Surry-Yadkin Residential Services is a registered charity in United States, based in Mount Airy, NC. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Surry-Yadkin Residential Services reported income of $1.7m and spending of $1.8m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.7m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Surry-Yadkin Residential Services sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Gold Country Community Services ($1.7m), Blues for Kids ($1.7m) and Allen Neighborhood Center ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $71k (4.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.2m against liabilities of $220k, net assets of $934k. It reported 59 employees.