Tennessee Baptist Adult Homes Inc

Analysis

Tennessee Baptist Adult Homes Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in October 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Tennessee Baptist Adult Homes Inc reported income of $1.9m and spending of $2.4m, spending 126% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $2.4m to $1.9m (-18%), an average of -5.0% a year. The sharpest change came in the year to October 2021, when income rose by 92%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tennessee Baptist Adult Homes Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Uinta Senior Citizens ($1.9m), Roper Center for Public Opinion Research Inc ($1.9m) and Brooklyn Hospital Foundation Inc ($1.9m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 39% and program service revenue 47% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.5m against liabilities of $724k, net assets of $3.8m. It reported 43 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.