Tolstoy Foundation Nursing Home Company Inc

Analysis

Tolstoy Foundation Nursing Home Company Inc is a registered charity in United States, based in Vly Cottage, NY. It received its IRS tax-exemption ruling in October 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tolstoy Foundation Nursing Home Company Inc reported income of $11.2m and spending of $10.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.4m to $11.2m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tolstoy Foundation Nursing Home Company 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 NY. Charities of a similar size with the same main cause include Padua Village Inc ($11.2m), Griffiss Utility Services Corporation ($11.2m) and Traditions at Westerville ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 89% of the total. At year end it held assets of $2.7m against liabilities of $3.1m, net assets of -$455k. It reported 299 employees.