American Baptist Retirement Homes Inc

Analysis

American Baptist Retirement Homes Inc is a registered charity in United States, based in Longview, WA. It received its IRS tax-exemption ruling in November 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, American Baptist Retirement Homes Inc reported income of $2.0m and spending of $1.1m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Baptist Retirement Homes Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Guardianship Services Inc ($2.0m), Hope and Life Outreach Inc ($2.0m) and Hospice House of Hampton Roads ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $79k (7.1% of expenses). Other salaries and wages came to $181k. At year end it held assets of $4.0m against liabilities of $357k, net assets of $3.7m. It reported 34 employees.