Retiree Resource Corp

Analysis

Retiree Resource Corp is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 September 2023, Retiree Resource Corp reported income of $48.3m and spending of $48.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $46.1m to $48.3m (+4.9%), an average of +1.2% a year. Over the whole period it spent 100% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Retiree Resource Corp sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Icna Relief USA Programs Inc ($46.4m), Ohio Medical Transportation Inc ($49.0m) and National Safety Council ($46.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $41.3m. At year end it held assets of $5.6m against liabilities of $2.7m, net assets of $2.9m. It reported 520 employees.