Suncoast Manor Retirement Community Inc

Analysis

Suncoast Manor Retirement Community Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 1967, 59 years ago. 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, Suncoast Manor Retirement Community Inc reported income of $23.1m and spending of $25.4m, spending 110% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $21.0m to $23.1m (+10.0%), an average of +2.4% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suncoast Manor Retirement Community 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 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include National Association of Independent Schools Inc ($23.0m), First Community Housing ($23.1m) and Vietnam Veterans of San Diego ($23.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.4% and program service revenue 94% of the total. Other salaries and wages came to $12.1m. At year end it held assets of $42.5m against liabilities of $25.1m, net assets of $17.4m. It reported 348 employees.