Baran Place Inc

Analysis

Baran Place Inc is a registered charity in United States, based in Eliot, ME. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Baran Place Inc reported income of $391k and spending of $405k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $391k (+15%), an average of +3.5% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Baran Place Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include The Well of Lexington Inc ($391k), 1374 College Avenue HDFC Inc ($391k) and Family Promise of Bristol ($391k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.5m against liabilities of $53k, net assets of $1.5m.

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.