Dekalb Area Retirement Center

Analysis

Dekalb Area Retirement Center is a registered charity in United States, based in Dekalb, IL. It received its IRS tax-exemption ruling in November 1976, 50 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 June 2023, Dekalb Area Retirement Center reported income of $16.8m and spending of $17.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $16.8m (+3.2%), an average of +0.8% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dekalb Area Retirement Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Phoenixville Area Community Services Inc ($16.8m), YWCA Tri-County Area ($16.8m) and Paladin Inc ($16.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Other salaries and wages came to $8.2m. At year end it held assets of $47.0m against liabilities of $16.4m, net assets of $30.6m. It reported 299 employees.