Blanchard Valley Continuing Care Services

Analysis

Blanchard Valley Continuing Care Services is a registered charity in United States, based in Findlay, OH. It received its IRS tax-exemption ruling in August 1963, 63 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, Blanchard Valley Continuing Care Services reported income of $36.7m and spending of $43.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $51.3m to $36.7m (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blanchard Valley Continuing Care Services sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include United Community Housing Coalition ($36.5m), Trellis Co ($37.0m) and SJF CCRC Inc ($36.3m).

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 $23.6m. At year end it held assets of $44.8m against liabilities of $24.4m, net assets of $20.5m. It reported 725 employees.

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.