Isabella Geriatric Center Inc

Analysis

Isabella Geriatric Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Isabella Geriatric Center Inc reported income of $99.9m and spending of $109.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $112.0m to $99.9m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Isabella Geriatric Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Good Sheperd Food Bank ($99.7m), Young Mens Christian Association of Nashville and Middle Tennessee ($100.0m) and Oak Crest Village Inc ($99.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $712k (0.7% of expenses). Other salaries and wages came to $38.1m. At year end it held assets of $118.5m against liabilities of $84.0m, net assets of $34.5m. It reported 672 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.