Residence XII Foundation

Analysis

Residence XII Foundation is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Residence XII Foundation reported income of $115k and spending of $195k, spending 169% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.7m to $115k (-97%), an average of -69% a year. The sharpest change came in the year to December 2021, when income dropped by 97%. Over the whole period it spent 19% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Residence XII Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Well-One Health ($115k), Arbor Housing Associates ($115k) and Community Bridgebuilders LLC ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 13% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.

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.