Bivins Place Inc

Analysis

Bivins Place Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bivins Place Inc reported income of $132k and spending of $125k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $91k to $132k (+46%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bivins Place Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within KY. Charities of a similar size with the same main cause include Cypress Park Apartments Inc ($132k), Access Housing Inc ($132k) and Deerbrook Apartments Inc ($132k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 71% of the total. At year end it held assets of $273k against liabilities of $681k, net assets of -$408k.