Alabama Baptist Retirement Centers Inc

Analysis

Alabama Baptist Retirement Centers Inc is a registered charity in United States, based in Prattville, AL. It received its IRS tax-exemption ruling in November 2008, 18 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, Alabama Baptist Retirement Centers Inc reported income of $1.3m and spending of $719k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $878k to $1.3m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alabama Baptist Retirement Centers Inc 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 86th percentile within AL. Charities of a similar size with the same main cause include Casa Valentina Inc ($1.3m), Project Restart Inc ($1.3m) and Ocean City 2406 Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 11% of the total. Other salaries and wages came to $390k. At year end it held assets of $4.4m against liabilities of $8,585, net assets of $4.4m. It reported 8 employees.