Shelby Residential and Vocational Services Inc

Analysis

Shelby Residential and Vocational Services Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 1985, 41 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, Shelby Residential and Vocational Services Inc reported income of $21.9m and spending of $22.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.6m to $21.9m (-23%), an average of -6.5% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shelby Residential and Vocational Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Good Plus Foundation Inc ($21.9m), Frederick Mennonite Community ($21.9m) and Young Mens Christian Association of Eugene ($21.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. At year end it held assets of $19.4m against liabilities of $3.3m, net assets of $16.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.