Vanguard Residential Services Inc

Analysis

Vanguard Residential Services Inc is a registered charity in United States, based in Manning, SC. It received its IRS tax-exemption ruling in August 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, Vanguard Residential Services Inc reported income of $163k and spending of $111k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $147k to $163k (+11%), an average of +2.6% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vanguard Residential Services Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Lorena Shepherds Heart ($163k), Third Phase Inc ($163k) and Genesis Institute ($163k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $11k. At year end it held assets of $155k against liabilities of $121k, net assets of $34k.