Hi-Line Retirement Center

Analysis

Hi-Line Retirement Center is a registered charity in United States, based in Malta, MT. It received its IRS tax-exemption ruling in June 2005, 21 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 April 2022, Hi-Line Retirement Center reported income of $4.0m and spending of $3.8m, spending 95% of its income. Across the 4 years on record, from April 2019 to April 2022, income grew from $3.7m to $4.0m (+8.9%), an average of +2.9% a year. The sharpest change came in the year to April 2021, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hi-Line Retirement Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MT. Charities of a similar size with the same main cause include Investing in Communities ($4.0m), Little Earth of United Tribes Housing Corporation ($4.0m) and National Fellowship Brethren Retirement Homes Incorporated ($4.0m).

On its Form 990 for the period ending April 2022, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $145k (3.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.8m against liabilities of $3.9m, net assets of $1.9m. It reported 94 employees.