Aaa Residential Resources Inc

Analysis

Aaa Residential Resources Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Aaa Residential Resources Inc reported income of $271k and spending of $181k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $158k to $271k (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aaa Residential Resources Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include The Gathering of Healthcare Simulation Technology Specialists ($271k), Leland Chamber of Commerce-Leland Main Street Association ($271k) and Town of Sumner Community Foundation Inc ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $50k (28% of expenses). Other salaries and wages came to $40k. At year end it held assets of $497k against liabilities of $99k, net assets of $398k. It reported 3 employees.