Cedars Nursing Care Center Inc

Analysis

Cedars Nursing Care Center Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1942, 84 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 April 2023, Cedars Nursing Care Center Inc reported income of $14.6m and spending of $16.4m, spending 113% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $13.8m to $14.6m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to April 2023, when income rose by 17%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cedars Nursing Care Center 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 ME. Charities of a similar size with the same main cause include Umrcph Inc ($14.6m), North Shore-Lij Pediatrics of Suffolk County PC ($14.6m) and Villa St Vincent ($14.6m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 5.3% and program service revenue 93% of the total. At year end it held assets of $49.3m against liabilities of $49.2m, net assets of $131k.

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.