Southcare Nursing Center

Analysis

Southcare Nursing Center is a registered charity in United States, based in Elkins Park, PA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Southcare Nursing Center reported income of $57k and spending of $49k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $10k to $57k (+449%), an average of +449% a year. The sharpest change came in the year to December 2023, when income rose by 449%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southcare Nursing Center sits at the 13th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Build a Home Inc ($57k), Ridge Homes Inc ($57k) and Desha Area Directions Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,535 against liabilities of $0, net assets of $7,535.