The James a Eddy Memorial Geriatric Center Inc

Analysis

The James a Eddy Memorial Geriatric Center Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The James a Eddy Memorial Geriatric Center Inc reported income of $13.5m and spending of $16.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.2m to $13.5m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. 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, The James a Eddy Memorial Geriatric Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Avera Tyler ($13.5m), Dayton Childrens Hospital Foundation ($13.5m) and South Plains Rural Health Services Inc ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 86% of the total. Other salaries and wages came to $6.8m. At year end it held assets of $66.9m against liabilities of $1.3m, net assets of $65.6m. It reported 276 employees.