Bronxwood Home for the Aged Inc

Analysis

Bronxwood Home for the Aged Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1978, 48 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 September 2023, Bronxwood Home for the Aged Inc reported income of $11.6m and spending of $11.2m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $21.9m to $11.6m (-47%), an average of -15% a year. The sharpest change came in the year to September 2020, when income dropped by 57%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bronxwood Home for the Aged Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Blue Bird Circle ($11.6m), High Country Behavioral Health ($11.6m) and Bronx Addiction Services Integrated Concepts System Inc ($11.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $8.7m against liabilities of $6.1m, net assets of $2.6m. It reported 139 employees.