Seacoast Nursing and Rehabilitation Center Inc

Analysis

Seacoast Nursing and Rehabilitation Center Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in May 1997, 29 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 September 2023, Seacoast Nursing and Rehabilitation Center Inc reported income of $161k and spending of $48k, leaving 70% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $12.5m to $161k (-99%), an average of -66% a year. The sharpest change came in the year to September 2022, when income dropped by 98%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seacoast Nursing and Rehabilitation Center Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Nami of Whatcom County ($161k), Steps Ministries ($161k) and Auxiliary of the Holy Cross Hospital of Silver Spring Inc ($160k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $731k against liabilities of $2,320, net assets of $729k.