Bradley Homes for the Elderly 3 Inc

Analysis

Bradley Homes for the Elderly 3 Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in December 2021, 5 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, Bradley Homes for the Elderly 3 Inc reported income of $255k and spending of $214k, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $240k to $255k (+6.3%), an average of +1.2% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bradley Homes for the Elderly 3 Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Christmas in October ($255k), Mental Health Care Affordable Housing IV Inc ($255k) and Aya Seniors Development Incorporated ($255k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $81k against liabilities of $370k, net assets of -$289k. It reported 2 employees.