Chelsea Jewish Nursing Home Inc

Analysis

Chelsea Jewish Nursing Home Inc is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in December 1951, 75 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 December 2023, Chelsea Jewish Nursing Home Inc reported income of $17.0m and spending of $16.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.4m to $17.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chelsea Jewish Nursing Home Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Alzheimers Foundation of America Inc ($17.0m), Lycoming Community Care Inc ($17.0m) and St Joseph Services Corporation ($17.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $8.8m. At year end it held assets of $22.2m against liabilities of $20.9m, net assets of $1.4m.