The Redwoods-A Community of Seniors

Analysis

The Redwoods-A Community of Seniors is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in December 1974, 52 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 September 2023, The Redwoods-A Community of Seniors reported income of $25.5m and spending of $23.8m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.0m to $25.5m (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Redwoods-A Community of Seniors 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 98th percentile within CA. Charities of a similar size with the same main cause include Northwest Health Services Inc ($25.5m), Steward School Corporation ($25.5m) and Doheny Eye Institute ($25.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $704k (3.0% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $54.1m against liabilities of $23.7m, net assets of $30.3m. It reported 189 employees.