Saint Katharine Drexel Retirementcenter Inc

Analysis

Saint Katharine Drexel Retirementcenter Inc is a registered charity in United States, based in El Reno, OK. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Saint Katharine Drexel Retirementcenter Inc reported income of $3.4m and spending of $3.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.4m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Katharine Drexel Retirementcenter Inc 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 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include LA Amistad Foundation Inc ($3.4m), Washington County Handicapped Services ($3.4m) and Michigan Energy Options Fka Urban Options ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $112k (3.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $6.6m against liabilities of $5.7m, net assets of $895k. It reported 86 employees.