Amsterdam Nursing Home Corporation

Analysis

Amsterdam Nursing Home Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1995, 31 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, Amsterdam Nursing Home Corporation reported income of $80.6m and spending of $62.5m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67.7m to $80.6m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amsterdam Nursing Home Corporation sits at the 94th percentile: it is larger than about 94% of them. 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 Hudson Hospital Inc ($80.6m), Permian Basin Behavioral Health Center ($80.7m) and The Medical University of South Carolina Foundation ($80.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.4m (3.8% of expenses). Other salaries and wages came to $20.8m. At year end it held assets of $76.3m against liabilities of $46.1m, net assets of $30.3m. It reported 449 employees.