Verde Valley Manor Retirement Center

Analysis

Verde Valley Manor Retirement Center is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Verde Valley Manor Retirement Center reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $1.9m (+1.0%), an average of +0.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Verde Valley Manor Retirement Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include New Orleans Youth Alliance ($1.9m), Florida Council of Independent Schools ($1.9m) and National Church Residences of ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $147k (8.0% of expenses). Other salaries and wages came to $373k. At year end it held assets of $4.4m against liabilities of $4.4m, net assets of $19k. It reported 11 employees.