Regency Retirement Residence of Laramie

Analysis

Regency Retirement Residence of Laramie is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in May 1995, 31 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 May 2024, Regency Retirement Residence of Laramie reported income of $480k and spending of $540k, spending 113% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $372k to $480k (+29%), an average of +6.5% a year. The sharpest change came in the year to May 2021, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Regency Retirement Residence of Laramie sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within WY. Charities of a similar size with the same main cause include Elderly Housing Development and Operations Corporation ($480k), Urm Support Corporation ($480k) and Geel East 182nd Street Corporation ($480k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $93k. At year end it held assets of $1.1m against liabilities of $106k, net assets of $997k. It reported 5 employees.