Walnut Hills Retirement Communities Inc

Analysis

Walnut Hills Retirement Communities Inc is a registered charity in United States, based in Walnut Creek, OH. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 June 2023, Walnut Hills Retirement Communities Inc reported income of $10.4m and spending of $10.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.5m to $10.4m (-9.5%), an average of -2.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walnut Hills Retirement Communities Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include The Augusta Preparatory Day School ($10.4m), National Assn of Latino Elected Officials Naleo Education Fund ($10.4m) and St Johns Country Day School ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $18.3m against liabilities of $20.2m, net assets of -$1.9m. It reported 192 employees.