Apostolic Christian Retirement Village

Analysis

Apostolic Christian Retirement Village is a registered charity in United States, based in West Bend, IA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Apostolic Christian Retirement Village reported income of $94k and spending of $108k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $94k (-62%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apostolic Christian Retirement Village sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within IA. Charities of a similar size with the same main cause include American College of Physicians ($94k), Justin Wynn Memorial Fund ($94k) and Ptsa Connecticut Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 3.7% of the total. Other salaries and wages came to $7,619. At year end it held assets of $180k against liabilities of $28k, net assets of $151k. It reported 4 employees.