United Methodist Retirement Communities Inc

Analysis

United Methodist Retirement Communities Inc is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in April 1948, 78 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, United Methodist Retirement Communities Inc reported income of $42.3m and spending of $42.0m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2023, income grew from $41.1m to $42.3m (+3.0%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Retirement Communities Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Hawaii Foodbank ($42.3m), United Methodist Homes of New Jersey ($42.4m) and Cornerstone Service Inc ($42.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $948k (2.3% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $132.9m against liabilities of $63.6m, net assets of $69.2m. It reported 627 employees.