Mid York Senior Homes Inc

Analysis

Mid York Senior Homes Inc is a registered charity in United States, based in Hamilton, NY. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Mid York Senior Homes Inc reported income of $516k and spending of $545k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $516k (+16%), an average of +3.7% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid York Senior Homes Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Forest Service Employees for Environmental Ethics Inc ($516k), Mora Area Youth Recreation Association Incorporated ($516k) and Ravinia Nursery School ($516k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $86k (16% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.7m against liabilities of $1.3m, net assets of $461k. It reported 4 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.