Greencroft Retirement Communities Inc

Analysis

Greencroft Retirement Communities Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in September 2003, 23 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, Greencroft Retirement Communities Inc reported income of $7.1m and spending of $7.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $7.1m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greencroft Retirement Communities Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Young Mens Christian Association of Northern Middlesex County Inc ($7.1m), Jefferson Council on Aging ($7.1m) and North Carolina Justice Center ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.4m (19% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $14.1m against liabilities of $6.2m, net assets of $7.9m. It reported 50 employees.