Island Rehabilitation and Nursing Center Inc

Analysis

Island Rehabilitation and Nursing Center Inc is a registered charity in United States, based in Holtsville, NY. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Island Rehabilitation and Nursing Center Inc reported income of $16.7m and spending of $18.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.8m to $16.7m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Island Rehabilitation and Nursing Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include HNHF Realty Collaborative ($16.6m), Taylor Community Development Corp ($16.7m) and Community Resource Project ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $339k (1.9% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $13.4m against liabilities of $15.8m, net assets of -$2.3m. It reported 190 employees.