Presbyterian Retirement Communities Inc

Analysis

Presbyterian Retirement Communities Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 1963, 63 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 March 2023, Presbyterian Retirement Communities Inc reported income of $153.2m and spending of $168.2m, spending 110% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $126.6m to $153.2m (+21%), an average of +4.9% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Retirement Communities Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include National Council of Young Mens Christian Assns of the USA ($153.0m), Icircle Services of the Finger Lakes Inc ($153.8m) and Food Bank of the Rockies ($151.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Other salaries and wages came to $62.4m. At year end it held assets of $555.2m against liabilities of $442.7m, net assets of $112.5m. It reported 1,961 employees.