East Ridge Retirement Village Inc

Analysis

East Ridge Retirement Village Inc is a registered charity in United States, based in Cutler Bay, FL. It received its IRS tax-exemption ruling in May 1964, 62 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 December 2023, East Ridge Retirement Village Inc reported income of $32.4m and spending of $35.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.8m to $32.4m (+17%), an average of +3.9% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Ridge Retirement Village Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Evangelical Homes of Michigan ($32.3m), Community Outreach Center Inc ($32.4m) and Manor Park Inc ($32.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Other salaries and wages came to $11.7m. At year end it held assets of $79.5m against liabilities of $103.5m, net assets of -$24.0m. It reported 469 employees.

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.