Religious Community Services of New Bern Inc

Analysis

Religious Community Services of New Bern Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in April 1984, 42 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Religious Community Services of New Bern Inc reported income of $1.0m and spending of $1.2m, spending 113% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income fell from $1.5m to $1.0m (-32%), an average of -7.3% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Religious Community Services of New Bern Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include San Jose Institute of Contemporary Art ($1.0m), Pueblo County Historical Society ($1.0m) and Angels of Hope a Family Cancer Foundation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (3.1% of expenses). Other salaries and wages came to $230k. At year end it held assets of $1.9m against liabilities of $251k, net assets of $1.6m. It reported 25 employees.