Active Retirement Community Inc

Analysis

Active Retirement Community Inc is a registered charity in United States, based in South Setauket, NY. It received its IRS tax-exemption ruling in May 1999, 27 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, Active Retirement Community Inc reported income of $39.8m and spending of $41.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.1m to $39.8m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Active Retirement Community Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Affordable Housing Partners Inc ($39.7m), National Foundation for Affordable Housing Solutions Inc ($39.8m) and Kendal at Hanover I ($39.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (2.7% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $206.6m against liabilities of $246.3m, net assets of -$39.8m. It reported 435 employees.