Acts Retirement-Life Communities Inc

Analysis

Acts Retirement-Life Communities Inc is a registered charity in United States, based in Ft Washington, PA. It received its IRS tax-exemption ruling in June 1972, 54 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 December 2023, Acts Retirement-Life Communities Inc reported income of $577.2m and spending of $565.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $446.2m to $577.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acts Retirement-Life Communities Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Regional Center of Orange County ($558.2m), San Andreas Regional Center ($644.2m) and Bakerripley ($532.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 93% of the total. Other salaries and wages came to $204.8m. At year end it held assets of $2.08bn against liabilities of $1.95bn, net assets of $126.1m. It reported 8,010 employees.