Presbyterian Retirement Homes of Birmingham Inc

Analysis

Presbyterian Retirement Homes of Birmingham Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 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 December 2023, Presbyterian Retirement Homes of Birmingham Inc reported income of $15.7m and spending of $15.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.5m to $15.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Retirement Homes of Birmingham Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Word Among US Inc ($15.7m), Brighton Center Inc ($15.7m) and Feed My People Inc ($15.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 94% of the total. Other salaries and wages came to $6.2m. At year end it held assets of $46.4m against liabilities of $37.6m, net assets of $8.8m. It reported 281 employees.