The Salvation Army Residences Inc

Analysis

The Salvation Army Residences Inc is a registered charity in United States, based in Brookhaven, GA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 September 2023, The Salvation Army Residences Inc reported income of $3.3m and spending of $3.7m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $3.3m (+63%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 41%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Salvation Army Residences 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 90th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Bridge Refugee Services Inc ($3.3m), International Institute for Conflict Prevention and Resolution ($3.3m) and Family Service Madison Inc ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $5.7m against liabilities of $6.5m, net assets of -$801k.