Christian Benevolent Outreach Inc

Analysis

Christian Benevolent Outreach Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 1976, 50 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Christian Benevolent Outreach Inc reported income of $4.5m and spending of $4.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $4.5m (+97%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Christian Benevolent Outreach Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include First Story ($4.5m), American Village Communities Inc ($4.5m) and Rock Island Economic Growth Corporation ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $698k (16% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.4m against liabilities of $4.4m, net assets of $964k. It reported 54 employees.