Community Retirement Home

Analysis

Community Retirement Home is a registered charity in United States, based in Port Arthur, TX. It received its IRS tax-exemption ruling in August 1945, 81 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 2022, Community Retirement Home reported income of $519k and spending of $617k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $444k to $519k (+17%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Retirement Home sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Marys House of Bread ($519k), Let Love International Inc ($519k) and HTX Hope Haven ($519k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $350k. At year end it held assets of $477k against liabilities of $85k, net assets of $392k. It reported 29 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.