Bishop Memorial Home 611 Middle St

Analysis

Bishop Memorial Home 611 Middle St is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in September 1977, 49 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bishop Memorial Home 611 Middle St reported income of $152k and spending of $144k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $132k to $152k (+15%), an average of +2.8% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bishop Memorial Home 611 Middle St 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 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include The Kind Charities of Tennessee Inc ($152k), Beta Sigma Psi Educational Foundation ($152k) and PTA California Congress of Parents Teachers & Students Inc ($152k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 57% of the total. At year end it held assets of $781k against liabilities of $0, net assets of $781k.