Matulaitis Nursing Home Inc

Analysis

Matulaitis Nursing Home Inc is a registered charity in United States, based in Putnam, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Matulaitis Nursing Home Inc reported income of $11.1m and spending of $11.3m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.8m to $11.1m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to September 2022, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Matulaitis Nursing Home Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Kootasca Community Action Inc ($11.1m), Communities in Schools of Chicago ($11.1m) and Holy Redeemer Home Care Inc ($11.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $251k (2.2% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $6.4m against liabilities of $1.3m, net assets of $5.2m. It reported 146 employees.