Bonita Springs Retirement Village Inc

Analysis

Bonita Springs Retirement Village Inc is a registered charity in United States, based in Ft Washington, PA. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Bonita Springs Retirement Village Inc reported income of $23.3m and spending of $29.2m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.6m to $23.3m (+19%), an average of +4.4% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bonita Springs Retirement Village Inc 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 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Luke Inc ($23.1m), Redstone Village ($23.4m) and Distinctive Health Solutions Inc ($23.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. Other salaries and wages came to $8.7m. At year end it held assets of $100.4m against liabilities of $190.8m, net assets of -$90.5m. It reported 282 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.