Cedar Creek Retirement Home Inc

Analysis

Cedar Creek Retirement Home Inc is a registered charity in United States, based in Leo, IN. It received its IRS tax-exemption ruling in April 1988, 38 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, Cedar Creek Retirement Home Inc reported income of $7.0m and spending of $5.7m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $7.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Creek Retirement Home Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($7.0m), Ebenezer Lakes Assisted Living ($7.0m) and Homes for America Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $100k (1.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $4.7m against liabilities of $455k, net assets of $4.3m. It reported 98 employees.