United Methodist Retirement Homes Foundation

Analysis

United Methodist Retirement Homes Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 1994, 32 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, United Methodist Retirement Homes Foundation reported income of $105k and spending of $62k, leaving 41% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $129k to $105k (-18%), an average of -5.0% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Methodist Retirement Homes Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Book Across the Bay Inc ($105k), Rogers Public Libary Foundation ($105k) and Kasper Cares Inc ($105k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $12.1m against liabilities of $10.7m, net assets of $1.4m.