Baptist Retirement Homes Foundation

Analysis

Baptist Retirement Homes Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Baptist Retirement Homes Foundation reported income of $1.3m and spending of $2.5m, spending 185% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.2m to $1.3m (-40%), an average of -12% a year. The sharpest change came in the year to September 2023, when income dropped by 69%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Baptist Retirement Homes Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include 145 So 3rd Street Housing Development Fund Corporation ($1.3m), Presioca Villa Interfaith Housing Corporation ($1.3m) and Interfaith Housing Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.3% of the total. At year end it held assets of $39.7m against liabilities of $1.5m, net assets of $38.3m.