Presbyterian Retirement Village of Rapid City Inc

Analysis

Presbyterian Retirement Village of Rapid City Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 September 2023, Presbyterian Retirement Village of Rapid City Inc reported income of $27.8m and spending of $23.3m, spending 84% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $26.2m to $27.8m (+6.0%), an average of +2.0% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Retirement Village of Rapid City Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SD. Charities of a similar size with the same main cause include Reliabilityfirst Corporation ($27.8m), Center for the Study of Services ($27.8m) and Silicon Valley International School ($27.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $725k (3.1% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $129.6m against liabilities of $62.5m, net assets of $67.1m. It reported 394 employees.