Brookhaven Homes for Elderly Inc

Analysis

Brookhaven Homes for Elderly Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in August 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 December 2023, Brookhaven Homes for Elderly Inc reported income of $271k and spending of $309k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $271k (+22%), an average of +5.2% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookhaven Homes for Elderly Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Jerald H Merrill Senior Housing Corporation ($271k), Genesis House Inc ($271k) and Pontiac Non-Profit Housing Corporation ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $1.6m against liabilities of $2.9m, net assets of -$1.4m.

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.