Stoneridge Retirement Living Communities Inc

Analysis

Stoneridge Retirement Living Communities Inc is a registered charity in United States, based in Myerstown, PA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stoneridge Retirement Living Communities Inc reported income of $5.7m and spending of $5.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.7m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stoneridge Retirement Living Communities Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Carina ($5.7m), Spanish Peaks New Alternatives Inc ($5.7m) and Echo of Brandon Inc ($5.7m).

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 $853k (17% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.4m against liabilities of $1.0m, net assets of $4.4m. It reported 341 employees.