Saint Joachim & Anne Nursing and Rehabilitation Center

Analysis

Saint Joachim & Anne Nursing and Rehabilitation Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Saint Joachim & Anne Nursing and Rehabilitation Center reported income of $24.0m and spending of $26.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.6m to $24.0m (-9.6%), an average of -2.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Joachim & Anne Nursing and Rehabilitation Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include St Anthonys Gardens ($24.0m), Inter-Tribal Council of Arizona Inc ($24.1m) and Volunteers of America Inc ($24.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $242k (0.9% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $20.2m against liabilities of $16.7m, net assets of $3.6m. It reported 266 employees.