Presbyterian Homes Inc
5603 New Garden Village Dr, Greensboro, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $22,093,236 | $22,191,093 | $134,807,702 |
| FY2024 | $73,497,043 | $59,363,114 | $116,357,390 |
| FY2023 | $65,685,113 | $60,438,776 | $91,756,966 |
| FY2022 | $60,268,413 | $53,641,782 | $77,900,934 |
| FY2021 | $62,438,008 | $48,454,851 | $78,823,113 |
| FY2020 | $56,239,171 | $44,554,271 | $54,713,467 |
| FY2019 | $49,925,471 | $40,439,985 | $48,994,079 |
| FY2018 | $48,176,279 | $38,786,080 | $42,999,108 |
| FY2017 | $45,576,999 | $34,037,462 | $31,788,369 |
| FY2016 | $42,078,991 | $39,018,481 | $18,105,953 |
| FY2015 | $42,367,250 | $38,429,949 | $13,243,372 |
| FY2014 | $42,478,775 | $37,304,079 | $11,432,710 |
| FY2013 | $38,725,598 | $35,959,913 | $6,962,945 |
| FY2012 | $39,250,164 | $35,053,286 | $3,974,471 |
Form 990 filings
The returns filed by Presbyterian Homes Inc (EIN 56-0564344), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,904,550 | 9% |
| Program service revenue | $17,610,563 | 80% |
| Other revenue | $2,578,123 | 12% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $13,934,212 | 63% |
| Management & general | $8,096,881 | 36% |
| Fundraising | $160,000 | 1% |
What the numbers show
- Program service revenue made up 80% of total revenue in FY2025.
- Program services accounted for 63% of functional expenses, management & general 36%, and fundraising 1%.
- 63% of functional expenses went to program services in FY2025. That is higher than 4.1% of 74 Human Services organizations in NC.
- Net assets covered about 72.9 months of expenses at the end of the reporting year. That puts it in the 91st percentile among 1339 Human Services organizations in NC.
- Total revenue was higher than 96.9% of 1375 Human Services organizations in NC.
- Total revenue fell from $39,250,164 in FY2012 to $22,093,236 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2025).
- The highest revenue on record here is $73,497,043 in FY2024.
- Net assets grew from $3,974,471 to $134,807,702 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE VISION OF THE PRESBYTERIAN HOMES INC DBA BRIGHTSPIRE IS TO CREATE AN INNOVATIVE, VIBRANT, AND DIVERSE CULTURE WHICH PROVIDES SECURITY AND ENHANCES QUALITY OF LIFE WHILE PROVIDING HOUSING AND SERVICE TO SENIOR ADULTS.
IRS status
| Ruling year | 1991 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P750 — Human Services (in NC) |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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