Baptist Convalescent Center Inc

Analysis

Baptist Convalescent Center Inc is a registered charity in United States, based in Erlanger, KY. It received its IRS tax-exemption ruling in April 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Baptist Convalescent Center Inc reported income of $30.7m and spending of $35.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.4m to $30.7m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Baptist Convalescent Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Judson ($30.7m), The Gerry Homes ($30.7m) and Crossroads Rhode Island ($30.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $341k (1.0% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $62.7m against liabilities of $67.4m, net assets of -$4.7m. It reported 506 employees.