South Fork Retirement Center Inc

Analysis

South Fork Retirement Center Inc is a registered charity in United States, based in Booneville, KY. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, South Fork Retirement Center Inc reported income of $81k and spending of $98k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $71k to $81k (+14%), an average of +3.4% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Fork Retirement Center Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Maryville Housing Development Corporation ($81k), Poverello House Inc ($81k) and LA Casa de Dona Here Inc ($81k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 42% of the total. Other salaries and wages came to $27k. At year end it held assets of $407k against liabilities of $759k, net assets of -$352k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.