Acts Retirement Services Inc

Analysis

Acts Retirement Services Inc is a registered charity in United States, based in Ft Washington, PA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Acts Retirement Services Inc reported income of $75.4m and spending of $79.4m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $58.5m to $75.4m (+29%), an average of +6.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acts Retirement Services 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 99th percentile within PA. Charities of a similar size with the same main cause include Our Lady of the Angels Hospital Inc ($75.4m), LA Jolla Institute for Immunology ($75.6m) and North Suffolk Community Services Inc ($75.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11.9m (15% of expenses). Other salaries and wages came to $45.3m. It paid $4,342 in professional fundraising fees. At year end it held assets of $52.5m against liabilities of $43.6m, net assets of $8.9m. It reported 937 employees.