Penn Yan Manor Nursing Home Inc

Analysis

Penn Yan Manor Nursing Home Inc is a registered charity in United States, based in Penn Yan, NY. It received its IRS tax-exemption ruling in February 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, Penn Yan Manor Nursing Home Inc reported income of $4.4m and spending of $4.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penn Yan Manor Nursing Home Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Covered Bridge Healthcare of St Joseph County Inc ($4.4m), Charles Henderson Memorial Association ($4.4m) and Webster Emergency Medical Services Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $124k (2.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.6m against liabilities of $437k, net assets of $3.1m. It reported 88 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.