Iroquois Nursing Home Inc

Analysis

Iroquois Nursing Home Inc is a registered charity in United States, based in Jamesville, NY. It received its IRS tax-exemption ruling in April 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, Iroquois Nursing Home Inc reported income of $18.1m and spending of $25.5m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $25.9m to $18.1m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iroquois Nursing Home Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Healthcare Access Maryland Inc ($18.1m), Pathway Homes Inc ($18.2m) and Tufts Medicine Inc ($18.1m).

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 $352k (1.4% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $42.5m against liabilities of $2.5m, net assets of $40.0m. It reported 288 employees.