St Patricks Home for the Aged and Infirm

Analysis

St Patricks Home for the Aged and Infirm is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Patricks Home for the Aged and Infirm reported income of $35.1m and spending of $37.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.0m to $35.1m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Patricks Home for the Aged and Infirm sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Morrison Child & Family Services ($35.1m), Valley Oaks Health Inc ($35.1m) and Health West Inc ($35.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 93% of the total. Other salaries and wages came to $12.8m. At year end it held assets of $20.2m against liabilities of $33.7m, net assets of -$13.5m. It reported 308 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.