Birch Bay Retirement Village

Analysis

Birch Bay Retirement Village is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Birch Bay Retirement Village reported income of $5.8m and spending of $5.6m, spending 96% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $5.2m to $5.8m (+13%), an average of +3.2% a year. The sharpest change came in the year to April 2021, when income rose by 20%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Birch Bay Retirement Village sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Arc Northland ($5.8m), St Francis Health Services of Morris Inc ($5.8m) and Grandview Resthome Association Inc ($5.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $214k (3.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.0m against liabilities of $7.1m, net assets of -$1.1m. It reported 86 employees.