Mary Manning Walsh Nursing Home Co Inc

Analysis

Mary Manning Walsh Nursing Home Co Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 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, Mary Manning Walsh Nursing Home Co Inc reported income of $73.8m and spending of $73.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66.5m to $73.8m (+11%), an average of +2.6% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Manning Walsh Nursing Home Co Inc 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 98th percentile within NY. Charities of a similar size with the same main cause include Medstar Inc ($73.7m), Three Rivers Health System Inc ($73.8m) and Artesia General Hospital ($73.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $368k (0.5% of expenses). Other salaries and wages came to $23.6m. At year end it held assets of $74.5m against liabilities of $16.4m, net assets of $58.2m. It reported 530 employees.