Baptist Retirement Communities of Georgia

Analysis

Baptist Retirement Communities of Georgia is a registered charity in United States, based in Hiawassee, GA. It received its IRS tax-exemption ruling in December 1966, 60 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 December 2023, Baptist Retirement Communities of Georgia reported income of $6.0m and spending of $6.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $6.0m (+72%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 698%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baptist Retirement Communities of Georgia sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Institute for Multicultural Counseling and Education Services ($6.0m), Mat-Su Services for Children & Adults Inc ($6.0m) and Chapel Hill Academy Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $403k (6.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $35.9m against liabilities of $4.8m, net assets of $31.0m. It reported 25 employees.