Catholic Retirement Facilities Inc

Analysis

Catholic Retirement Facilities Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Catholic Retirement Facilities Inc reported income of $321k and spending of $374k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $321k (+23%), an average of +5.3% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Retirement Facilities Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include St Paul Central High School Foundation ($321k), Froh Manor Apartments ($321k) and Means & Evans Camp ($321k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.4m against liabilities of $633k, net assets of $805k.

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.