Heritage House Nursing Center Inc

Analysis

Heritage House Nursing Center Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in March 1991, 35 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, Heritage House Nursing Center Inc reported income of $13.4m and spending of $14.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.6m to $13.4m (-8.1%), an average of -2.1% 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, Heritage House Nursing Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Center for Human Services ($13.4m), Community Health Center of Fort Dodge Inc ($13.4m) and Adult Learning Systems-Up Inc ($13.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $120k (0.8% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $3.3m against liabilities of $2.8m, net assets of $516k. It reported 261 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.