Arkansas Methodist Medical Center Retirement Community Inc

Analysis

Arkansas Methodist Medical Center Retirement Community Inc is a registered charity in United States, based in Paragould, AR. It received its IRS tax-exemption ruling in April 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 June 2023, Arkansas Methodist Medical Center Retirement Community Inc reported income of $2.5m and spending of $3.1m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.5m (+5.7%), an average of +1.4% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arkansas Methodist Medical Center Retirement Community Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AR. Charities of a similar size with the same main cause include Presbyterian Housing Development Fund Corporation of Queens ($2.5m), Council House Inc ($2.5m) and Alpha Project for the Homeless ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $8.2m against liabilities of $12.5m, net assets of -$4.3m. It reported 97 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.