Ives Hill Retirement Community Inc

Analysis

Ives Hill Retirement Community Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in September 1997, 29 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, Ives Hill Retirement Community Inc reported income of $2.6m and spending of $2.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ives Hill Retirement Community Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include South Boston Community Housing Inc ($2.6m), Archdiocesan Housing Inc ($2.6m) and Scottsboro Housing & Social Services Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 82% of the total. Other salaries and wages came to $539k. At year end it held assets of $12.4m against liabilities of $10.6m, net assets of $1.8m. It reported 45 employees.