Episcopal Retirement Services Foundation

Analysis

Episcopal Retirement Services Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1998, 28 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, Episcopal Retirement Services Foundation reported income of $3.0m and spending of $4.4m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.0m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Episcopal Retirement Services Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Bet Yeladim Inc ($3.0m), Wind Youth Services ($3.0m) and Watch Resources Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $58.0m against liabilities of $67k, net assets of $58.0m.

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.