Ferncliff Nursing Home Company Inc

Analysis

Ferncliff Nursing Home Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ferncliff Nursing Home Company Inc reported income of $39.8m and spending of $42.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.9m to $39.8m (+5.1%), an average of +1.3% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ferncliff Nursing Home Company Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include M a C T Health Board Incorporated ($39.8m), Elder Services of Worcester Area Inc ($39.8m) and Newark Community Health Centers Inc ($39.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $327k (0.8% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $31.5m against liabilities of $32.3m, net assets of -$798k. It reported 462 employees.