Beatrice Retirement Inc

Analysis

Beatrice Retirement Inc is a registered charity in United States, based in Beatrice, NE. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending September 2023, Beatrice Retirement Inc reported income of $1.0m and spending of $454k, leaving 56% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $600k to $1.0m (+72%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beatrice Retirement Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within NE. Charities of a similar size with the same main cause include Arcola Volunteer Fire Department Inc ($1.0m), Northern Christian Radio Inc ($1.0m) and Jamaica Plain Community Centers Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 60% of the total. At year end it held assets of $2.7m against liabilities of $112k, net assets of $2.6m.