Highview Retirement Home Association

Analysis

Highview Retirement Home Association is a registered charity in United States, based in Rockton, IL. It received its IRS tax-exemption ruling in October 1944, 82 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 2024, Highview Retirement Home Association reported income of $3.2m and spending of $3.6m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.3m to $3.2m (-1.8%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highview Retirement Home Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Leisure Homestead Association ($3.2m), Ohio History Connection Foundation ($3.2m) and Independence of Portage County Inc ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $106k (2.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.9m against liabilities of $1.7m, net assets of $1.1m. It reported 87 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.