Elim Park Baptist Home Inc

Analysis

Elim Park Baptist Home Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in March 1942, 84 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, Elim Park Baptist Home Inc reported income of $39.0m and spending of $31.6m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.7m to $39.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elim Park Baptist Home Inc sits at the 99th 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 CT. Charities of a similar size with the same main cause include Hospice of Metro Denver Incorporated ($39.0m), Tel Hai Nursing Center Inc ($39.0m) and Idaho Youth Ranch Inc ($38.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $610k (1.9% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $97.2m against liabilities of $77.1m, net assets of $20.0m. It reported 520 employees.