Park Ridge Nursing Home Inc

Analysis

Park Ridge Nursing Home Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1971, 55 years ago. 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, Park Ridge Nursing Home Inc reported income of $25.1m and spending of $21.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $27.4m to $25.1m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Ridge Nursing Home Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include The Pegasus School ($25.1m), Eden Home Inc ($25.1m) and The Granite YMCA ($25.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $109k (0.5% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $28.0m against liabilities of $20.5m, net assets of $7.6m. It reported 473 employees.