Biblical Concepts Group Home

Analysis

Biblical Concepts Group Home is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in April 2009, 17 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 (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, Biblical Concepts Group Home reported income of $145k and spending of $233k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $711k to $145k (-80%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Biblical Concepts Group Home sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include LSS Housing North Willow Inc ($145k), Bec New Communities Housing Development Fund Company Inc ($145k) and Hickory Lane One Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $391k against liabilities of $1.1m, net assets of -$668k.

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.