Bvm-Phs Senior Housing Inc

Analysis

Bvm-Phs Senior Housing Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Bvm-Phs Senior Housing Inc reported income of $14.1m and spending of $15.6m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2 to $14.1m (+705502400%), an average of +5054% a year. The sharpest change came in the year to September 2021, when income rose by 6115369%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bvm-Phs Senior Housing Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Hoosier Cancer Research Network Inc ($14.1m), Health Systems Real Estate Inc ($14.1m) and My Own Place Inc ($14.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.9% and program service revenue 90% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $92.0m against liabilities of $84.4m, net assets of $7.5m.

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.