United Retirement Center

Analysis

United Retirement Center is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in April 1958, 68 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 December 2023, United Retirement Center reported income of $7.2m and spending of $8.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $7.2m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Retirement Center 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 94th percentile, and in the 93rd percentile within SD. Charities of a similar size with the same main cause include Community Coordinated Child Care ($7.2m), New Haven Ecology Project Inc ($7.2m) and Jewish Alliance of Greater Rhode Island ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $99k (1.2% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $8.6m against liabilities of $525k, net assets of $8.0m. It reported 190 employees.