Miriam Osborn Memorial Home Association

Analysis

Miriam Osborn Memorial Home Association is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in December 1934, 92 years ago. 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, Miriam Osborn Memorial Home Association reported income of $53.0m and spending of $56.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.4m to $53.0m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miriam Osborn Memorial Home Association sits at the 99th 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 98th percentile within NY. Charities of a similar size with the same main cause include Community Health Systems Inc ($53.0m), Easter Seals Inc ($53.2m) and Community Action Committee of the Lehigh Valley Inc ($52.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.5m (4.5% of expenses). Other salaries and wages came to $20.2m. At year end it held assets of $154.0m against liabilities of $231.1m, net assets of -$77.1m. It reported 551 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.