Sunset Retirement Communities Inc

Analysis

Sunset Retirement Communities Inc is a registered charity in United States, based in Ottawa Hills, OH. It received its IRS tax-exemption ruling in October 1938, 88 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sunset Retirement Communities Inc reported income of $28.2m and spending of $26.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.2m to $28.2m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sunset Retirement Communities Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Good Shepherd Long-Term Care Facility ($28.2m), Area Agency on Aging of Central Florida Inc ($28.2m) and Georgetown Hill Child Care Center Inc ($28.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $366k (1.4% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $106.9m against liabilities of $23.6m, net assets of $83.3m. It reported 550 employees.