Christian Retirement Homes Inc

Analysis

Christian Retirement Homes Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in July 1967, 59 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, Christian Retirement Homes Inc reported income of $13.8m and spending of $13.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.9m to $13.8m (-0.5%), an average of -0.1% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christian Retirement Homes 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 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include The Childrens Center ($13.8m), Indian Muslim Relief and Charities ($13.8m) and Ascension Living Via Christi Village Ridge ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $366k (2.7% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $21.7m against liabilities of $17.7m, net assets of $4.0m. It reported 350 employees.