Retirement Ranches Inc

Analysis

Retirement Ranches Inc is a registered charity in United States, based in Clovis, NM. It received its IRS tax-exemption ruling in January 1964, 62 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 April 2024, Retirement Ranches Inc reported income of $12.8m and spending of $11.2m, spending 87% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $10.1m to $12.8m (+27%), an average of +6.2% a year. The sharpest change came in the year to April 2024, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Retirement Ranches Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Arc of Frederick County Inc ($12.8m), Congressional Hispanic Caucus Institute Inc ($12.8m) and Pathway School ($12.8m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $10.6m against liabilities of $1.0m, net assets of $9.6m. It reported 230 employees.