Bixby Knolls Towers Inc

Analysis

Bixby Knolls Towers Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bixby Knolls Towers Inc reported income of $17.3m and spending of $10.4m, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.6m to $17.3m (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bixby Knolls Towers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include The Center for Hospice and Palliative Care Inc ($17.3m), The Arc of Palm Beach County Inc ($17.3m) and Southeastern Community Action Partnership Inc ($17.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 48% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $2.7m against liabilities of $2.0m, net assets of $668k. It reported 123 employees.