Nottingham Retirement Community Inc

Analysis

Nottingham Retirement Community Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Nottingham Retirement Community Inc reported income of $15.5m and spending of $20.9m, spending 135% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $11.0m to $15.5m (+42%), an average of +7.2% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nottingham Retirement Community Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Satellite Aha Development Inc ($15.5m), Housing Forward ($15.6m) and PHS Cottage Grove Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $32.2m against liabilities of $31.8m, net assets of $425k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.