Baptist Childrens Homes of North Carolina Inc

Analysis

Baptist Childrens Homes of North Carolina Inc is a registered charity in United States, based in Thomasville, NC. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Childrens Homes of North Carolina Inc reported income of $37.7m and spending of $35.5m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $27.5m to $37.7m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2021, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Baptist Childrens Homes of North Carolina Inc 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 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include World Help ($37.6m), Kanakuk Ministries ($37.8m) and Mobile Loaves & Fishes Inc ($37.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $293k (0.8% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $77.9m against liabilities of $3.9m, net assets of $74.0m. It reported 419 employees.