Ausable Valley Continuing Care Retirement Community Inc

Analysis

Ausable Valley Continuing Care Retirement Community Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Ausable Valley Continuing Care Retirement Community Inc reported income of $4.6m and spending of $4.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.6m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ausable Valley Continuing Care Retirement Community Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Biohealth Innovation Inc ($4.6m), Institute for Protein Innovation Inc ($4.6m) and Casa Serena ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 95% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $3.3m against liabilities of $3.1m, net assets of $130k. It reported 95 employees.