The Methodist Retirement Center of Central Ohio

Analysis

The Methodist Retirement Center of Central Ohio is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Methodist Retirement Center of Central Ohio reported income of $22.5m and spending of $27.1m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $22.5m (+195%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Methodist Retirement Center of Central Ohio sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Turn Community Services Inc ($22.5m), Kitsap Community Resources ($22.5m) and Action for a Better Community Inc ($22.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 90% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $136.2m against liabilities of $80.3m, net assets of $55.9m.

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.