St Anns Home for the Aged

Analysis

St Anns Home for the Aged is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 1978, 48 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, St Anns Home for the Aged reported income of $75.0m and spending of $77.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61.3m to $75.0m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Anns Home for the Aged 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 Campaign for Tobacco-Free Kids ($75.0m), Riverbend Medical Group Inc ($75.0m) and Elliot Professional Services ($75.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.0m (1.3% of expenses). Other salaries and wages came to $41.8m. At year end it held assets of $116.3m against liabilities of $112.8m, net assets of $3.6m. It reported 1,617 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.