Terrace Gardens Retirement Center Inc

Analysis

Terrace Gardens Retirement Center Inc is a registered charity in United States, based in Perryville, MO. It received its IRS tax-exemption ruling in April 1984, 42 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 2024, Terrace Gardens Retirement Center Inc reported income of $1.6m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $983k to $1.6m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Terrace Gardens Retirement Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Pollen8 LLC ($1.6m), Yuba-Sutter Fair Heritage Foundation ($1.6m) and Carver Community Organization Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $100k (6.9% of expenses). Other salaries and wages came to $889k. At year end it held assets of $1.8m against liabilities of $101k, net assets of $1.7m. It reported 32 employees.