Turner Retirement Homes Inc

Analysis

Turner Retirement Homes Inc is a registered charity in United States, based in Turner, OR. It received its IRS tax-exemption ruling in February 1936, 90 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, Turner Retirement Homes Inc reported income of $1.4m and spending of $1.6m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.4m (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Turner Retirement Homes Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OR. Charities of a similar size with the same main cause include Mt Zion Land Development Corporation II ($1.4m), Samaritan Center Inc ($1.4m) and Phoenix Residential Services Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 72% of the total. Other salaries and wages came to $482k. At year end it held assets of $5.1m against liabilities of $942k, net assets of $4.2m. It reported 15 employees.