Methodist Manor Retirement Community

Analysis

Methodist Manor Retirement Community is a registered charity in United States, based in Storm Lake, IA. It received its IRS tax-exemption ruling in January 1962, 64 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, Methodist Manor Retirement Community reported income of $12.9m and spending of $12.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $12.9m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Manor Retirement Community sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Ohio Health Information Partnership LLC ($12.9m), New Choices Recovery Center ($12.9m) and Childrens Clinics for Rehabilitative Services ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $110k (0.9% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $29.2m against liabilities of $28.9m, net assets of $300k. It reported 281 employees.