Incarnate Word Retirement Community Inc

Analysis

Incarnate Word Retirement Community Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Incarnate Word Retirement Community Inc reported income of $20.9m and spending of $19.9m, spending 95% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $18.6m to $20.9m (+12%), an average of +4.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Incarnate Word Retirement Community Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include The Tulsa Jewish Community Retirement and Health Care Center ($20.9m), Holy Family Senior Living ($20.9m) and Pennsylvania Association of Regional Food Banks ($20.9m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $857k (4.3% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $9.4m against liabilities of $1.5m, net assets of $7.9m. It reported 413 employees.