John Clarke Retirement Center

Analysis

John Clarke Retirement Center is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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, John Clarke Retirement Center reported income of $8.1m and spending of $7.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $8.1m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, John Clarke Retirement Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within RI. Charities of a similar size with the same main cause include Jewish Family Service of Greater Hartford Inc ($8.1m), California Interscholastic Federation Southern Section ($8.1m) and Macomb Family Services Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $309k (4.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $7.4m against liabilities of $2.7m, net assets of $4.8m. It reported 103 employees.