Mayflower Retirement Center Inc

Analysis

Mayflower Retirement Center Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in April 1986, 40 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, Mayflower Retirement Center Inc reported income of $30.9m and spending of $37.6m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.7m to $30.9m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mayflower Retirement Center 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 Lakemary Center Inc ($30.9m), Community Hospice Inc ($30.9m) and Seniorsplus ($30.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 110% of the total. Compensation of current officers, directors and key employees was $725k (1.9% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $214.6m against liabilities of $196.2m, net assets of $18.4m. It reported 468 employees.