St Anns Home for the Aged Corp

Analysis

St Anns Home for the Aged Corp is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Anns Home for the Aged Corp reported income of $16.2m and spending of $16.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.2m to $16.2m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Anns Home for the Aged Corp 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 98th percentile within NJ. Charities of a similar size with the same main cause include United Summit Center Inc ($16.2m), RWJBH Behavioral Health Prevention and Recovery Inc ($16.2m) and Thomas H Boyd Memorial Hospital ($16.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $170k (1.0% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $30.6m against liabilities of $12.6m, net assets of $18.1m. It reported 265 employees.