Virginia Mennonite Retirement Community

Analysis

Virginia Mennonite Retirement Community is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in December 1980, 46 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 March 2024, Virginia Mennonite Retirement Community reported income of $8.3m and spending of $8.2m, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $7.1m to $8.3m (+17%), an average of +3.9% a year. The sharpest change came in the year to March 2022, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Virginia Mennonite Retirement Community sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include St Clare Commons ($8.3m), Housing Development Alliance Inc ($8.3m) and Miami Valley Housing Opportunities Inc ($8.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $34.6m against liabilities of $29.0m, net assets of $5.6m. It reported 92 employees.