Asbury Towers Retirement Community Inc

Analysis

Asbury Towers Retirement Community Inc is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in January 1981, 45 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, Asbury Towers Retirement Community Inc reported income of $4.1m and spending of $5.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $4.1m (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asbury Towers Retirement Community Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Springfield Victory Mission Inc ($4.1m), Bon Secours Community Works Inc ($4.1m) and Household Goods Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $3.6m against liabilities of $4.5m, net assets of -$871k. It reported 127 employees.