Big Elm Retirement Center Inc

Analysis

Big Elm Retirement Center Inc is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in November 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Big Elm Retirement Center Inc reported income of $295k and spending of $296k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $261k to $295k (+13%), an average of +3.1% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Elm Retirement Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Etg Midwest Inc ($295k), Lge Community Outreach Foundation Inc ($295k) and PTA California Congress of Parents Teachers & Students Inc ($295k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.6% of the total. Compensation of current officers, directors and key employees was $74k (25% of expenses). Other salaries and wages came to $51k. At year end it held assets of $1.4m against liabilities of $480, net assets of $1.4m. It reported 6 employees.