South Cove Nursing Facilities Foundation Inc

Analysis

South Cove Nursing Facilities Foundation Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, South Cove Nursing Facilities Foundation Inc reported income of $355k and spending of $130k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $533k to $355k (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 14% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Cove Nursing Facilities Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Teen Challenge for Girls Inc ($355k), Easton-Greenwich Rescue Squad Inc ($355k) and Montgomery Emergency Medical Services Inc ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $17.9m against liabilities of $0, net assets of $17.9m.