Audubon Retirement Village Inc

Analysis

Audubon Retirement Village Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2020, 6 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, Audubon Retirement Village Inc reported income of $12.6m and spending of $11.9m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.6m to $12.6m (+674%), an average of +98% a year. The sharpest change came in the year to December 2020, when income rose by 470%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Audubon Retirement Village Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Trinity Development Alliance Inc ($12.6m), United Methodist Homes and Services ($12.6m) and Human Services Inc ($12.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $31.0m against liabilities of $29.1m, net assets of $1.9m.