Columbian Retirement Home Inc

Analysis

Columbian Retirement Home Inc is a registered charity in United States, based in Marysville, CA. It received its IRS tax-exemption ruling in December 1974, 52 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Columbian Retirement Home Inc reported income of $263k and spending of $355k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $425k to $263k (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columbian Retirement Home Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include St James Plaza Inc ($263k), Staunton United Methodist Housing Corporation ($263k) and Father Bradley Shelter for Women and Children Inc ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $8,000 (2.3% of expenses). Other salaries and wages came to $113k. At year end it held assets of $706k against liabilities of $10k, net assets of $696k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.