Resident Services Empowerment Inc

Analysis

Resident Services Empowerment Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Resident Services Empowerment Inc reported income of $155k and spending of $240k, spending 155% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $376k to $155k (-59%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Resident Services Empowerment Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Los Alamos Housing Partnership Inc ($155k), Elder Spirit Development Co ($155k) and CSHD 3 Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $61k. At year end it held assets of $531k against liabilities of $120k, net assets of $411k.