Presbyterian Homes of Bradenton Inc

Analysis

Presbyterian Homes of Bradenton Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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, Presbyterian Homes of Bradenton Inc reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+13%), an average of +3.2% a year. 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, Presbyterian Homes of Bradenton Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Canton Electrical Joint Apprenticeship & Training Committe ($1.6m), Bastion Community of Resilience ($1.6m) and Dav Thrift Stores Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $390k. At year end it held assets of $3.9m against liabilities of $108k, net assets of $3.8m. It reported 15 employees.