Hebrew Home for the Aged

Analysis

Hebrew Home for the Aged is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1937, 89 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, Hebrew Home for the Aged reported income of $104.9m and spending of $123.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $137.4m to $104.9m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hebrew Home for the Aged 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 Clny Alliance Inc ($104.7m), Medical Care of Queens PC ($104.9m) and Columbia Basin Health Association ($104.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Other salaries and wages came to $37.3m. At year end it held assets of $173.4m against liabilities of $106.0m, net assets of $67.5m. It reported 774 employees.