Berlin Retirement Homes Inc

Analysis

Berlin Retirement Homes Inc is a registered charity in United States, based in Berlin, MA. It received its IRS tax-exemption ruling in June 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Berlin Retirement Homes Inc reported income of $516k and spending of $558k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to December 2023, income grew from $406k to $516k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 271%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Berlin Retirement Homes Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Way Out Ministries Inc ($516k), Ravinia Nursery School ($516k) and Precious Ones Learning Center Inc ($516k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.3m against liabilities of $1.6m, net assets of -$295k.