Community Retirement Inc

Analysis

Community Retirement Inc is a registered charity in United States, based in Arthur, IL. It received its IRS tax-exemption ruling in October 1962, 64 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 August 2023, Community Retirement Inc reported income of $4.0m and spending of $5.9m, spending 148% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.4m to $4.0m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to August 2022, when income dropped by 19%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Retirement Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Boy Scouts of America ($4.0m), Pittsboro Christian Village Inc ($4.0m) and Montessori Society of Greater Grand Rapids Inc ($4.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $88k (1.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $6.5m against liabilities of $5.9m, net assets of $613k. It reported 137 employees.