Community Homes of Bismarck Inc

Analysis

Community Homes of Bismarck Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Homes of Bismarck Inc reported income of $761k and spending of $1.2m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $761k (-62%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Homes of Bismarck Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within ND. Charities of a similar size with the same main cause include Coursey Station Apartments Inc ($761k), Dakota Estates Incorporated Retirement Center ($762k) and Hebrew Health Care Foundation Inc ($761k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $19k (1.6% of expenses). Other salaries and wages came to $110k. At year end it held assets of $6.7m against liabilities of $4.9m, net assets of $1.8m. It reported 2 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.