Quarryville Presbyterian Retirement Community

Analysis

Quarryville Presbyterian Retirement Community is a registered charity in United States, based in Quarryville, PA. It received its IRS tax-exemption ruling in October 1950, 76 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Quarryville Presbyterian Retirement Community reported income of $27.4m and spending of $29.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.5m to $27.4m (+7.6%), an average of +1.8% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quarryville Presbyterian Retirement Community sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Second Family Inc ($27.4m), Lutheran Social Ministries at Cranes Mill Inc ($27.4m) and Family Place Inc ($27.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $912k (3.1% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $68.4m against liabilities of $57.6m, net assets of $10.8m. It reported 441 employees.