Alabama Baptist Retirement Center Inc

Analysis

Alabama Baptist Retirement Center Inc is a registered charity in United States, based in Prattville, AL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Alabama Baptist Retirement Center Inc reported income of $2.5m and spending of $2.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.5m (+8.6%), an average of +2.1% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Baptist Retirement Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within AL. Charities of a similar size with the same main cause include St Louis Park Emergency Program Inc ($2.5m), Institute of Cognitive Development Inc ($2.5m) and Lifetime Independence for Everyone Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $598k. At year end it held assets of $4.1m against liabilities of $4.2m, net assets of -$102k. It reported 30 employees.