Greenwood House Home for the Jewish Aged Inc

Analysis

Greenwood House Home for the Jewish Aged Inc is a registered charity in United States, based in Ewing Township, NJ. It received its IRS tax-exemption ruling in May 1947, 79 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, Greenwood House Home for the Jewish Aged Inc reported income of $18.1m and spending of $20.5m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.4m to $18.1m (+4.0%), an average of +1.0% a year. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greenwood House Home for the Jewish Aged 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 98th percentile within NJ. Charities of a similar size with the same main cause include Net Treatment Services Inc ($18.1m), Summit Community Care Clinic Inc ($18.1m) and Tower Health at Home ($18.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $277k (1.4% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $21.7m against liabilities of $3.7m, net assets of $18.0m. It reported 286 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.