Bhi Senior Living Inc

Analysis

Bhi Senior Living Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bhi Senior Living Inc reported income of $74.2m and spending of $72.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54.8m to $74.2m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bhi Senior Living Inc 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 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Arkansas Foodbank ($74.2m), Regional Food Bank of Northeast Florida Inc ($74.2m) and United Migrant Opportunity Services Incorporated ($74.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Other salaries and wages came to $21.5m. At year end it held assets of $355.8m against liabilities of $353.3m, net assets of $2.5m. It reported 647 employees.