Cedar Oaks Retirement Center Inc

Analysis

Cedar Oaks Retirement Center Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1988, 38 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cedar Oaks Retirement Center Inc reported income of $158k and spending of $87k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $227k to $158k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Oaks Retirement Center Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include MCR ($158k), JCS Affective Sober Living ($158k) and Alberta Street Apartments Preservation Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $1.9m, net assets of -$628k.