Charity Search / RESIDENTIAL SERVICES OF NORTHEASTERN MINNESOTA INC
Human Services (P730) IRS Verified DX Registered 990 on File

RESIDENTIAL SERVICES OF NORTHEASTERN MINNESOTA INC

EIN: 41-1296663 · DULUTH, MN 55811-2915 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 85/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$25.2M
Total Revenue
$25.0M
Total Expenses
$9.0M
Net Assets
721
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.4%
Fundraising Efficiency N/A
Operating Reserve 4.32x
Liability-to-Asset 30.7%
Revenue Diversification 98.5%
Executive Compensation $406K
Compared with Peers
FY 2024
Compared with 2,032 similar organizations (United States, Human Services, $10M–$100M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
90.4% 87.5%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
9.6% 11.1%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.2%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
4.3 mo 6.6 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
30.7% 32.8%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
98.5% 92.7%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
7.4% 7.6%
P10P90
Expense growth
Year over year expense growth
1.0% 6.9%
P10P90
Surplus margin
Surplus as a share of revenue
0.8% 1.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $25.2M $25.0M $9.0M 90.4% 721
2023 $23.4M $24.7M $8.8M 90.5% 735
2022 $23.2M $23.3M $10.1M 90.6% 695
2021 $23.0M $21.7M N/A — 735
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Organization Details
EIN
41-1296663
State
MN
City
DULUTH
ZIP
55811-2915
Classification
P730
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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