Christian Retirement Homes Inc

Analysis

Christian Retirement Homes Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 1975, 51 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Christian Retirement Homes Inc reported income of $13.2m and spending of $17.5m, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.1m to $13.2m (+19%), an average of +4.6% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Retirement Homes Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NE. Charities of a similar size with the same main cause include Center for Family Resources Inc ($13.2m), Missouri Valley Community Action Agency ($13.2m) and Volunteers of America Inc ($13.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.6% and program service revenue 94% of the total. Other salaries and wages came to $6.7m. At year end it held assets of $69.3m against liabilities of $74.7m, net assets of -$5.3m. It reported 338 employees.