Retreat Inc

Analysis

Retreat Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Retreat Inc reported income of $5.9m and spending of $5.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $5.9m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Retreat Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Potential Inc ($5.9m), Coleman Tri County Services ($5.9m) and Crystal Oaks Long Term Care ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $210k (3.6% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $5.0m against liabilities of $1.2m, net assets of $3.8m. It reported 84 employees.