Colony Retirement Homes IV Inc

Analysis

Colony Retirement Homes IV Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in June 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colony Retirement Homes IV Inc reported income of $1.6m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colony Retirement Homes IV Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include 10-33 Ambulance Service Limited ($1.6m), Handson Twin Cities ($1.6m) and Park Slope Child Care Collective ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $59k (3.8% of expenses). Other salaries and wages came to $232k. At year end it held assets of $3.4m against liabilities of $4.1m, net assets of -$650k.