Episcopal Retirement Services

Analysis

Episcopal Retirement Services is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Episcopal Retirement Services reported income of $6.2m and spending of $6.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $6.2m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Episcopal Retirement Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include CCRC Development Corporation ($6.2m), Mt Hope Nazarene Retirement Community ($6.2m) and North Shore Community Development Coalition Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 41% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $25.8m against liabilities of $5.5m, net assets of $20.3m.