University Retirement Community at Davis Inc

Analysis

University Retirement Community at Davis Inc is a registered charity in United States, based in Davis, CA. It received its IRS tax-exemption ruling in June 1996, 30 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, University Retirement Community at Davis Inc reported income of $31.9m and spending of $30.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $27.5m to $31.9m (+16%), an average of +3.8% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, University Retirement Community at Davis Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Welty Home for the Aged Inc ($31.8m), Masonicare at Ashlar Village Inc ($31.9m) and Lifeline Youth & Family Services Inc ($31.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $289k (1.0% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $109.8m against liabilities of $68.3m, net assets of $41.6m. It reported 300 employees.