Brothers of Mercy Nursing Home Company Inc

Analysis

Brothers of Mercy Nursing Home Company Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brothers of Mercy Nursing Home Company Inc reported income of $26.8m and spending of $27.1m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $23.5m to $26.8m (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brothers of Mercy Nursing Home Company Inc 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include St Marys Episcopal School ($26.8m), Lawrence Hall ($26.8m) and Loma Linda University Adventist Health Sciences CNTR Liability TR ($26.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $245k (0.9% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $16.2m against liabilities of $6.9m, net assets of $9.3m. It reported 617 employees.