Baptist Homes Inc

Analysis

Baptist Homes Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Baptist Homes Inc reported income of $8.7m and spending of $7.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $8.7m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Baptist Homes Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MS. Charities of a similar size with the same main cause include Advantage Care Diagnostic and Treatment Center Inc ($8.7m), Woman Evolve Inc ($8.7m) and Sonoma County Family YMCA ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $219k (2.8% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $12.3m against liabilities of $676k, net assets of $11.6m. It reported 286 employees.