Martin County Residential Services Inc

Analysis

Martin County Residential Services Inc is a registered charity in United States, based in Williamston, NC. It received its IRS tax-exemption ruling in May 1988, 38 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, Martin County Residential Services Inc reported income of $4.0m and spending of $3.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Martin County Residential Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Belmont After School Enrichment Collaborative Inc ($4.0m), Mountainstar Family Relief Nursery ($4.0m) and McLean Fund ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.9m against liabilities of $196k, net assets of $4.7m. It reported 97 employees.