Immanuel Retirement Communities

Analysis

Immanuel Retirement Communities is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 1997, 29 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 June 2023, Immanuel Retirement Communities reported income of $49.7m and spending of $48.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.1m to $49.7m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Immanuel Retirement Communities sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include Skill Creations Inc ($48.5m), Whitemarsh Continuing Care Retirement Community ($50.1m) and Tallgrass Creek Inc ($48.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $477k (1.0% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $158.2m against liabilities of $207.7m, net assets of -$49.5m.