Retirement Living Inc

Analysis

Retirement Living Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Retirement Living Inc reported income of $36.0m and spending of $37.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.3m to $36.0m (+11%), an average of +2.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Retirement Living 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 IN. Charities of a similar size with the same main cause include Oconnor Woods Housing Corporation ($36.0m), Fort Norfolk Retirement Community Inc ($36.0m) and Edinburg Center Inc ($36.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Other salaries and wages came to $14.8m. At year end it held assets of $137.7m against liabilities of $112.5m, net assets of $25.3m. It reported 389 employees.