Illuminus Retirement Communities Inc

Analysis

Illuminus Retirement Communities Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in February 2008, 18 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 December 2023, Illuminus Retirement Communities Inc reported income of $65k and spending of $605k, spending 927% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $65k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 437% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Illuminus Retirement Communities Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within WI. Charities of a similar size with the same main cause include Warren Housing Opportunities Corporation ($65k), Transplant House of West Michigan ($65k) and Circus and Traveling Shows Retirement Project Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $5.7m against liabilities of $6.4m, net assets of -$754k.