Northfield Retirement Communities

Analysis

Northfield Retirement Communities is a registered charity in United States, based in Scottsbluff, NE. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 April 2023, Northfield Retirement Communities reported income of $11.4m and spending of $11.0m, spending 96% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $8.9m to $11.4m (+28%), an average of +6.4% a year. The sharpest change came in the year to April 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northfield Retirement Communities sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Southeast Texas Regional Advisory Council ($11.4m), Aspirus Ontonagon Hospital Inc ($11.4m) and Ouachita Regional Counseling and Mental Health Center Inc ($11.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $281k (2.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $14.9m against liabilities of $7.0m, net assets of $7.9m. It reported 221 employees.