Redstone Presbyterian Seniorcare

Analysis

Redstone Presbyterian Seniorcare is a registered charity in United States, based in Greensburg, PA. It received its IRS tax-exemption ruling in July 1994, 32 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, Redstone Presbyterian Seniorcare reported income of $38.1m and spending of $38.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.1m to $38.1m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redstone Presbyterian Seniorcare sits at the 99th 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 PA. Charities of a similar size with the same main cause include Arcadia Retirement Residence ($38.1m), Air Force Retired Officers Community-Washington DC ($38.2m) and Sacramento Steps Forward ($38.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $732k (1.9% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $67.6m against liabilities of $70.3m, net assets of -$2.7m. It reported 332 employees.