Baileys Grove Retirement Community Inc

Analysis

Baileys Grove Retirement Community Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2002, 24 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 2023, Baileys Grove Retirement Community Inc reported income of $297k and spending of $334k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $308k to $297k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Baileys Grove Retirement Community Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Lutheran Housing Services Incorporated ($297k), Mackenzie Place 202-Ii ($297k) and Facts-Sunrise Inc ($297k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.8m against liabilities of $3.0m, net assets of -$1.2m.

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.