American Baptist Homes of the Midwest

Analysis

American Baptist Homes of the Midwest is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in December 1941, 85 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 August 2023, American Baptist Homes of the Midwest reported income of $88.9m and spending of $88.9m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $69.8m to $88.9m (+27%), an average of +6.2% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Baptist Homes of the Midwest sits at the 100th 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 MN. Charities of a similar size with the same main cause include Forgotten Harvest Inc ($88.8m), Feed More Inc ($89.0m) and Sheltering Arms Children and Family Services Inc ($88.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $775k (0.9% of expenses). Other salaries and wages came to $41.0m. At year end it held assets of $97.0m against liabilities of $156.3m, net assets of -$59.4m. It reported 1,930 employees.