Episcopal Retirement Homes Inc

Analysis

Episcopal Retirement Homes Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1952, 74 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 December 2023, Episcopal Retirement Homes Inc reported income of $40.0m and spending of $39.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.4m to $40.0m (+20%), an average of +4.6% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Episcopal Retirement Homes Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Well-Spring Ret Community ($39.9m), Senior Alliance Inc ($40.0m) and Waverly Heights ($39.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.8m (4.6% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $58.6m against liabilities of $51.8m, net assets of $6.8m. It reported 783 employees.