Tempe Life Care Village Inc

Analysis

Tempe Life Care Village Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in September 1978, 48 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 2023, Tempe Life Care Village Inc reported income of $66.1m and spending of $63.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $51.0m to $66.1m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tempe Life Care Village Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Turning Points for Children ($66.0m), Jewish Community Council of Greater Coney Island Inc ($66.1m) and Envision Unlimited ($66.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $331k (0.5% of expenses). Other salaries and wages came to $24.3m. At year end it held assets of $237.2m against liabilities of $258.5m, net assets of -$21.3m. It reported 803 employees.