Federation CCRC Operations Corp

Analysis

Federation CCRC Operations Corp is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in February 2013, 13 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 August 2023, Federation CCRC Operations Corp reported income of $46.0m and spending of $57.3m, spending 125% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $32.8m to $46.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to August 2023, when income rose by 33%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Federation CCRC Operations Corp sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Presbyterian Village North Forefront Living ($45.9m), The Webster Apartments ($46.0m) and Friends Help a Friend the Helping Hands Foundation ($45.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Other salaries and wages came to $17.0m. At year end it held assets of $345.1m against liabilities of $436.5m, net assets of -$91.4m. It reported 532 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.