Carmel Richmond Nursing Home Inc

Analysis

Carmel Richmond Nursing Home Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1971, 55 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, Carmel Richmond Nursing Home Inc reported income of $52.7m and spending of $50.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.7m to $52.7m (+13%), an average of +3.1% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carmel Richmond Nursing Home Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Trinity Health Grand Haven Hospital ($52.7m), Escambia Community Clinics Inc ($52.8m) and Healthpartners Institute ($52.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $362k (0.7% of expenses). Other salaries and wages came to $20.2m. At year end it held assets of $53.6m against liabilities of $10.4m, net assets of $43.3m. It reported 511 employees.