Wny Catholic Long Term Care Inc

Analysis

Wny Catholic Long Term Care Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wny Catholic Long Term Care Inc reported income of $20.0m and spending of $22.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.7m to $20.0m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wny Catholic Long Term Care 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Skin Cancer Foundation Inc ($20.0m), Southwestern Athletic Conference ($20.0m) and Foundation for Educational Services Inc ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $188k (0.8% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $12.9m against liabilities of $29.4m, net assets of -$16.5m. It reported 303 employees.