Ideal Senior Living Center Inc

Analysis

Ideal Senior Living Center Inc is a registered charity in United States, based in Endicott, NY. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ideal Senior Living Center Inc reported income of $13.8m and spending of $17.0m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $13.8m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ideal Senior Living Center Inc sits at the 96th percentile: it is larger than about 96% 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 Indian Muslim Relief and Charities ($13.8m), Hospice of Acadiana Inc ($13.8m) and Christian Retirement Homes Inc ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $253k (1.5% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $4.7m against liabilities of $31.7m, net assets of -$27.0m. It reported 347 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.