Adirondack Mennonite Retirement Community Inc

Analysis

Adirondack Mennonite Retirement Community Inc is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Adirondack Mennonite Retirement Community Inc reported income of $1.7m and spending of $1.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+12%), an average of +2.8% a year. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adirondack Mennonite Retirement Community Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Citileaf Housing Development Fund Corporation ($1.7m), Be Concerned Inc ($1.7m) and Southeast Childrens Fund Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $676k. At year end it held assets of $12.0m against liabilities of $4.3m, net assets of $7.7m. It reported 33 employees.