Retiree Housing of Worcester Inc

Analysis

Retiree Housing of Worcester Inc is a registered charity in United States, based in Lyndhurst, OH. It received its IRS tax-exemption ruling in December 1987, 39 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 September 2023, Retiree Housing of Worcester Inc reported income of $589k and spending of $492k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $518k to $589k (+14%), an average of +3.3% a year. 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, Retiree Housing of Worcester Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include YWCA of Mount Desert Island ($589k), Greeley-Evans Elks Youth Baseball League Inc ($590k) and Los Angeles Urban Foundation ($589k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $57k. At year end it held assets of $822k against liabilities of $1.9m, net assets of -$1.1m. It reported 4 employees.