Heatherlane Christian Retirement Village

Analysis

Heatherlane Christian Retirement Village is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in June 1989, 37 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 September 2023, Heatherlane Christian Retirement Village reported income of $493k and spending of $546k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $513k to $493k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heatherlane Christian Retirement Village sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include HFL Harbor Gateway Homes ($493k), Eleos the Care Network Inc ($493k) and The Cameron K Gallagher Foundation ($493k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $129k. At year end it held assets of $4.3m against liabilities of $6.6m, net assets of -$2.2m. It reported 9 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.