Grand Island Regency Retirement

Analysis

Grand Island Regency Retirement is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 October 2023, Grand Island Regency Retirement reported income of $318k and spending of $310k, spending 98% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $310k to $318k (+2.5%), an average of +0.6% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Island Regency Retirement sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NE. Charities of a similar size with the same main cause include Fineview Citizens Council Inc ($318k), National Air Sea and Space Foundation Inc ($318k) and Northern Montana Health Care Foundation Inc ($318k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $94k (30% of expenses). Other salaries and wages came to $3,775. At year end it held assets of $949k against liabilities of $797k, net assets of $152k. It reported 2 employees.