Residential Foundation Incorporated

Analysis

Residential Foundation Incorporated is a registered charity in United States, based in Laud by Sea, FL. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Residential Foundation Incorporated reported income of $213k and spending of $224k, spending 105% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $319k to $213k (-33%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residential Foundation Incorporated sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Bozeman Interfaith Housing II Inc ($213k), Macgregor Housing Development Corporation ($213k) and Richard Allen Housing Corporation ($213k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2,365. At year end it held assets of $889k against liabilities of $671k, net assets of $217k.