San Simeon by the Sound Center for Nursing and Rehabilitation

Analysis

San Simeon by the Sound Center for Nursing and Rehabilitation is a registered charity in United States, based in Greenport, NY. It received its IRS tax-exemption ruling in August 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 (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, San Simeon by the Sound Center for Nursing and Rehabilitation reported income of $17.2m and spending of $19.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.8m to $17.2m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. 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, San Simeon by the Sound Center for Nursing and Rehabilitation sits at the 87th percentile: it is larger than about 87% 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 Acadiana Concern for AIDS Relief Education and Support Inc ($17.2m), Logan Health - Conrad ($17.2m) and Carol Milgard Breast Center ($17.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $581k (3.1% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $5.5m against liabilities of $6.9m, net assets of -$1.4m. It reported 196 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.