Arizona Retirement Centers Inc Sierra Winds Life Care Community

Analysis

Arizona Retirement Centers Inc Sierra Winds Life Care Community is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in May 1986, 40 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 October 2023, Arizona Retirement Centers Inc Sierra Winds Life Care Community reported income of $12.0m and spending of $16.7m, spending 139% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $13.5m to $12.0m (-12%), an average of -3.0% a year. The sharpest change came in the year to October 2021, when income dropped by 20%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arizona Retirement Centers Inc Sierra Winds Life Care Community 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 95th percentile within AZ. Charities of a similar size with the same main cause include YMCA of Catawba Valley ($12.0m), Kids After Hours Child Care Centers ($12.0m) and Specialized Alternatives for Families and Youth of Kentucky Inc ($12.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $18.6m against liabilities of $52.1m, net assets of -$33.5m. It reported 283 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.