Raymore Senior Care LLC

Analysis

Raymore Senior Care LLC is a registered charity in United States, based in Raymore, MO. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Raymore Senior Care LLC reported income of $22.6m and spending of $24.9m, spending 110% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $11.8m to $22.6m (+91%), an average of +91% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Raymore Senior Care LLC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Chicago Low Income Housing Trust Fund ($22.6m), Homeward Bound of Marin ($22.6m) and New Communities Inc ($22.5m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $125k (0.5% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $8.7m against liabilities of $37.5m, net assets of -$28.8m. It reported 426 employees.