Episcopal Retirement Communities

Analysis

Episcopal Retirement Communities is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in July 1980, 46 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 2023, Episcopal Retirement Communities reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+14%), an average of +3.4% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Episcopal Retirement Communities sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Blanchard Valley Health Foundation ($2.5m), Csi Kalamazoo Non-Profit Housing Corporation ($2.5m) and BCC Housing Development Corporation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $218k (9.5% of expenses). Other salaries and wages came to $698k. At year end it held assets of $4.2m against liabilities of $539k, net assets of $3.7m. It reported 40 employees.