Mt Hope Nazarene Retirement Community

Analysis

Mt Hope Nazarene Retirement Community is a registered charity in United States, based in Manheim, PA. It received its IRS tax-exemption ruling in January 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mt Hope Nazarene Retirement Community reported income of $6.2m and spending of $6.0m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.7m to $6.2m (+9.7%), an average of +3.1% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mt Hope Nazarene Retirement Community sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Episcopal Retirement Services ($6.2m), Village Community Services ($6.3m) and CCRC Development Corporation ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $177k (2.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.6m against liabilities of $2.0m, net assets of $1.5m. It reported 80 employees.