Sun Coast Nursing Centers Inc

Analysis

Sun Coast Nursing Centers Inc is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in February 2004, 22 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, Sun Coast Nursing Centers Inc reported income of $249.5m and spending of $256.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242.2m to $249.5m (+3.0%), an average of +0.7% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sun Coast Nursing Centers Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include TCH Pediatric Associates Inc ($248.9m), Meadville Medical Center ($249.6m) and Riddle Memorial Hospital ($248.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $266k (0.1% of expenses). Other salaries and wages came to $102.5m. At year end it held assets of $443.4m against liabilities of $440.2m, net assets of $3.2m. It reported 3,466 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.