Retirement Housing Foundation

Analysis

Retirement Housing Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 2014, 12 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, Retirement Housing Foundation reported income of $106.9m and spending of $28.5m, leaving 73% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $45.2m to $106.9m (+136%), an average of +24% a year. The sharpest change came in the year to September 2023, when income rose by 115%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Retirement Housing Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Youth Villages Foundation Inc ($106.7m), Tidewell Hospice Inc ($107.0m) and Goodwill Industries of North Central Wisc Inc ($106.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $2.4m (8.4% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $207.4m against liabilities of $19.2m, net assets of $188.2m. It reported 78 employees.