Titonka Community Rest Home Inc

Analysis

Titonka Community Rest Home Inc is a registered charity in United States, based in Titonka, IA. It received its IRS tax-exemption ruling in August 1977, 49 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, Titonka Community Rest Home Inc reported income of $2.1m and spending of $2.6m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.1m (-11%), an average of -3.0% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Titonka Community Rest Home Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include St Josephs Health Fund ($2.1m), Fulton County Agricultural Society ($2.1m) and Purchase Community Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.0m against liabilities of $187k, net assets of $831k. It reported 82 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.