Morningside Retirement & Health Services Inc

Analysis

Morningside Retirement & Health Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morningside Retirement & Health Services Inc reported income of $922k and spending of $1.1m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $747k to $922k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morningside Retirement & Health Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Juneau County Support Education Advocacy Group ($922k), Shekinah Gloria Ministries Inc ($922k) and Aurora Interchurch Task Force Inc ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $125k (12% of expenses). Other salaries and wages came to $259k. At year end it held assets of $3.3m against liabilities of $198k, net assets of $3.1m. It reported 5 employees.