Wells Nursing Home Inc

Analysis

Wells Nursing Home Inc is a registered charity in United States, based in Johnstown, NY. It received its IRS tax-exemption ruling in April 1969, 57 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 (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, Wells Nursing Home Inc reported income of $9.9m and spending of $10.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $9.9m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wells Nursing Home Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Canton Christian Home Inc ($9.9m), Southwestern Louisianna Area Health Education Center Foundation ($9.9m) and Bethany Home ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $258k (2.4% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $2.0m against liabilities of $3.0m, net assets of -$977k. It reported 180 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.