Pensacola Retirement Village Inc

Analysis

Pensacola Retirement Village Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Pensacola Retirement Village Inc reported income of $2.9m and spending of $3.5m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.9m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pensacola Retirement Village Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Greensboro Symphony Orchestra Incorporated ($2.9m), Global Investigative Journalism Network ($2.9m) and LA Fundacion Puertorriquena de Las Humanidades Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $615k. At year end it held assets of $16.3m against liabilities of $15.9m, net assets of $448k. It reported 22 employees.