The Schulman and Schachne Institute for Nursing and Rehabilitation Inc

Analysis

The Schulman and Schachne Institute for Nursing and Rehabilitation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1970, 56 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Schulman and Schachne Institute for Nursing and Rehabilitation Inc reported income of $111.4m and spending of $95.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61.2m to $111.4m (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 130% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Schulman and Schachne Institute for Nursing and Rehabilitation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Phoebe Sumter Medical Center Inc ($111.3m), The Helen Ross McNabb Center ($111.4m) and Winona Health Services ($111.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $526k (0.5% of expenses). Other salaries and wages came to $37.3m. At year end it held assets of $17.0m against liabilities of $360.6m, net assets of -$343.6m. It reported 515 employees.