United Methodist Retirement Community Inc

Analysis

United Methodist Retirement Community Inc is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in February 1991, 35 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, United Methodist Retirement Community Inc reported income of $8.7m and spending of $8.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $8.7m (+10%), an average of +2.4% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Retirement Community 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 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Family YMCA of the Desert ($8.7m), Liberty Lutheran Services ($8.7m) and Maple Village ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $144k (1.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $23.6m against liabilities of $21.0m, net assets of $2.6m. It reported 148 employees.