Boone Regency Retirement

Analysis

Boone Regency Retirement is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Boone Regency Retirement reported income of $290k and spending of $312k, spending 108% of what it took in. Across the 4 years on record, from October 2020 to October 2023, income fell from $291k to $290k (-0.2%), an average of -0.1% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boone Regency Retirement sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Housing Foundation ($290k), Better Homes Inc ($290k) and Enterprise Retirement Center Inc ($290k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.1m against liabilities of $286k, net assets of $780k. It reported 3 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.