Arbor Acres United Methodist Retirement Community Inc

Analysis

Arbor Acres United Methodist Retirement Community Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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, Arbor Acres United Methodist Retirement Community Inc reported income of $51.0m and spending of $47.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.0m to $51.0m (+28%), an average of +6.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arbor Acres United Methodist Retirement Community 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 99th percentile within NC. Charities of a similar size with the same main cause include Dana-Farber Inc ($51.0m), Project Hospitality Inc ($51.1m) and American Association of Motor Vehicle Administrators ($51.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $850k (1.8% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $204.6m against liabilities of $132.7m, net assets of $71.8m. It reported 588 employees.