Eden Retirement Center Inc

Analysis

Eden Retirement Center Inc is a registered charity in United States, based in Glen Carbon, IL. It received its IRS tax-exemption ruling in August 1977, 49 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, Eden Retirement Center Inc reported income of $11.1m and spending of $11.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.9m to $11.1m (-6.8%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eden Retirement Center Inc 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 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Housing Hope ($11.1m), South Winery Housing Inc ($11.1m) and Wings Program Inc ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $157k (1.3% of expenses). At year end it held assets of $17.3m against liabilities of $17.2m, net assets of $103k. It reported 209 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.