Culpeper Baptist Retirement Community Inc

Analysis

Culpeper Baptist Retirement Community Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Culpeper Baptist Retirement Community Inc reported income of $18.8m and spending of $20.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.9m to $18.8m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Culpeper Baptist Retirement Community Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Glasswing International USA Inc ($18.8m), Mid-Cumberland Community Action Agency Inc ($18.9m) and Collabria Care ($18.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Other salaries and wages came to $8.5m. At year end it held assets of $65.7m against liabilities of $83.2m, net assets of -$17.5m.

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.