Davenport Retirement Village

Analysis

Davenport Retirement Village is a registered charity in United States, based in Davenport, WA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, Davenport Retirement Village reported income of $302k and spending of $324k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $302k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davenport Retirement Village sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Society of Plastics Engineers ($302k), Selected Independent Funeral Homes Educational Trust ($302k) and Pleasant Valley Bible Camp ($302k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $119k. At year end it held assets of $404k against liabilities of $0, net assets of $404k. It reported 10 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.