Tri-Cities Residential Services

Analysis

Tri-Cities Residential Services is a registered charity in United States, based in Kennewick, WA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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, Tri-Cities Residential Services reported income of $10.2m and spending of $9.9m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.9m to $10.2m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-Cities Residential Services sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Economic Opportunity Agency of Washington County Inc ($10.2m), College Association at Delhi Inc ($10.2m) and Our House Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $216k (2.2% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $4.9m against liabilities of $433k, net assets of $4.5m. It reported 236 employees.