Deerfield Episcopal Retirement Comm Inc

Analysis

Deerfield Episcopal Retirement Comm Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Deerfield Episcopal Retirement Comm Inc reported income of $45.6m and spending of $40.9m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $40.6m to $45.6m (+12%), an average of +3.0% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deerfield Episcopal Retirement Comm Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Reach Resilience ($45.6m), Amherst H Wilder Foundation ($45.7m) and Jewish Community Centers of Chicago ($45.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.6% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.5m (6.2% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $252.5m against liabilities of $161.0m, net assets of $91.5m. It reported 419 employees.