Basin Retirement Homes Association

Analysis

Basin Retirement Homes Association is a registered charity in United States, based in Ephrata, WA. It received its IRS tax-exemption ruling in August 1983, 43 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 September 2023, Basin Retirement Homes Association reported income of $565k and spending of $436k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $407k to $565k (+39%), an average of +8.5% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Basin Retirement Homes Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Hope Partnership Inc ($565k), Decatur Housing Development Corporation ($566k) and Liberty Center of Sandusky County Inc ($565k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). Other salaries and wages came to $30k. At year end it held assets of $768k against liabilities of $227k, net assets of $542k. It reported 3 employees.