The United Methodist Retirement Homes Inc

Analysis

The United Methodist Retirement Homes Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, The United Methodist Retirement Homes Inc reported income of $95.0m and spending of $87.4m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $75.7m to $95.0m (+26%), an average of +5.9% a year. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The United Methodist Retirement Homes Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Arkansas Community Foundation Inc ($94.9m), Greater Miami Jewish Federation ($95.7m) and Dietrich Foundation ($94.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.5m (1.8% of expenses). Other salaries and wages came to $28.4m. At year end it held assets of $375.9m against liabilities of $264.1m, net assets of $111.8m. It reported 1,035 employees.