Ingleside Presbyterian Retirement Community Inc

Analysis

Ingleside Presbyterian Retirement Community Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1940, 86 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ingleside Presbyterian Retirement Community Inc reported income of $36.4m and spending of $41.9m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $36.4m (+152%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ingleside Presbyterian Retirement Community Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within DC. Charities of a similar size with the same main cause include Whitney Center Inc ($36.3m), Guild for Exceptional Children ($36.4m) and Childrens Home Society of Washington ($36.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $264k (0.6% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $264.2m against liabilities of $322.4m, net assets of -$58.2m. It reported 327 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.