Tri-County Retirement & Nursing

Analysis

Tri-County Retirement & Nursing is a registered charity in United States, based in Hatton, ND. It received its IRS tax-exemption ruling in November 1961, 65 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tri-County Retirement & Nursing reported income of $5.8m and spending of $5.2m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.1m to $5.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 23%. 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, Tri-County Retirement & Nursing sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ND. Charities of a similar size with the same main cause include Epoch Media Midwest ($5.8m), Pool & Hot Tub Foundation ($5.8m) and The Fund for Theological Education Inc ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $103k (2.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $6.5m against liabilities of $1.8m, net assets of $4.7m. It reported 108 employees.