Residency

Analysis

Residency is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2013, 13 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 December 2023, Residency reported income of $252k and spending of $246k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $130k to $252k (+93%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residency sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Lutheran Social Services of Central Ohio Centerburg Housing Inc ($252k), Dovehouse Ministries ($252k) and New Mexico Ramp Project ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 181% of the total. Compensation of current officers, directors and key employees was $89k (36% of expenses). Other salaries and wages came to $54k. At year end it held assets of $43k against liabilities of $19k, net assets of $24k. It reported 6 employees.