El-Beulah Retirement Village

Analysis

El-Beulah Retirement Village is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2002, 24 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 December 2023, El-Beulah Retirement Village reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, El-Beulah Retirement Village sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Brookdale Residence Housing Development Fund Corporation ($1.5m), New Mexico Housing & Community Development Corp ($1.5m) and Porter Avenue Housing Development Fund Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $221k. At year end it held assets of $7.2m against liabilities of $3.1m, net assets of $4.1m. It reported 6 employees.