Christian Retirement Home Inc

Analysis

Christian Retirement Home Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 1983, 43 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 December 2023, Christian Retirement Home Inc reported income of $540k and spending of $508k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $488k to $540k (+11%), an average of +2.6% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Retirement Home Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Yamhill Community Development Company ($540k), The Nicholson Project ($540k) and Vanden Viking Bingo Boosters ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $132k. At year end it held assets of $389k against liabilities of $1.3m, net assets of -$895k.