Rutland Nursing Home Inc

Analysis

Rutland Nursing Home Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1969, 57 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, Rutland Nursing Home Inc reported income of $86.0m and spending of $121.9m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.5m to $86.0m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 153% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rutland Nursing Home Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include New York Ehealth Collaborative Inc ($86.0m), Tomah Memorial Hospital Inc ($86.1m) and Phelps Memorial Health Center ($85.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.8m (1.5% of expenses). Other salaries and wages came to $48.3m. At year end it held assets of $10.4m against liabilities of $116.1m, net assets of -$105.7m. It reported 720 employees.

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.