Presbyterian Retirement Communities Northwest

Analysis

Presbyterian Retirement Communities Northwest is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in September 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Presbyterian Retirement Communities Northwest reported income of $143.4m and spending of $111.1m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $77.7m to $143.4m (+85%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 59%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Retirement Communities Northwest sits at the 100th 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 100th percentile within WA. Charities of a similar size with the same main cause include Childrens Village Inc ($143.4m), Harvesters-The Community Food Network ($143.7m) and Ezer Mizion ($142.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Other salaries and wages came to $27.0m. At year end it held assets of $529.0m against liabilities of $708.7m, net assets of -$179.7m. It reported 823 employees.