Close Retreat Center Inc

Analysis

Close Retreat Center Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Close Retreat Center Inc reported income of $138k and spending of $131k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $382k to $138k (-64%), an average of -18% a year. The sharpest change came in the year to December 2019, when income dropped by 72%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Close Retreat Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Common Recovery ($138k), Love Focus International Association ($138k) and Friends of JCSD ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Other salaries and wages came to $53k. At year end it held assets of $2.1m against liabilities of $1,499, net assets of $2.1m. It reported 1 employees.