St Annes Retirement Community

Analysis

St Annes Retirement Community is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in November 2006, 20 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, St Annes Retirement Community reported income of $210k and spending of $201k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $99k to $210k (+111%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Annes Retirement Community sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include University District Development Corporation ($210k), Champion Community Senior Housing Inc ($211k) and Bacs Prevention Platform Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $97k (48% of expenses). At year end it held assets of $27k against liabilities of $93k, net assets of -$66k. It reported 2 employees.