Sunland Retirement Center Inc

Analysis

Sunland Retirement Center Inc is a registered charity in United States, based in Seminole, TX. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Sunland Retirement Center Inc reported income of $560k and spending of $774k, spending 138% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $337k to $560k (+66%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunland Retirement Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International ($560k), Pompei Housing Development Fund Co Inc ($560k) and Stow Elderly Housing Corp ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $296k. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $990k. It reported 28 employees.