Holy Spirit Retirement Home Inc

Analysis

Holy Spirit Retirement Home Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Spirit Retirement Home Inc reported income of $8.0m and spending of $8.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.5m to $8.0m (-16%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Spirit Retirement Home Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include YWCA Nashville & Middle Tennessee ($8.0m), Wah Mei School ($8.0m) and Virtus Academy of South Carolina ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $129k (1.6% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $8.7m against liabilities of $3.2m, net assets of $5.5m. It reported 203 employees.