Lifequest Nursing Center

Analysis

Lifequest Nursing Center is a registered charity in United States, based in Quakertown, PA. It received its IRS tax-exemption ruling in October 1982, 44 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 June 2023, Lifequest Nursing Center reported income of $14.7m and spending of $17.5m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $14.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifequest Nursing Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Morrisville Auxiliary of State Univ College of Agricult & Technology ($14.7m), Detroit Health Care for the Homeless ($14.7m) and Mt Healthy Christian Home Inc ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 83% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $525k against liabilities of $11.4m, net assets of -$10.9m. It reported 192 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.