BT of Ark Inc

Analysis

BT of Ark Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, BT of Ark Inc reported income of $627k and spending of $484k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $582k to $627k (+7.8%), an average of +1.9% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, BT of Ark Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Georgia Advancing Communities Together Inc ($627k), Ellison I Housing Corporation ($627k) and Smyrna RHF Housing Inc ($627k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $63k. At year end it held assets of $489k against liabilities of $703k, net assets of -$214k.