Jamaica Hospital Nursing Home Inc

Analysis

Jamaica Hospital Nursing Home Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in September 1972, 54 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, Jamaica Hospital Nursing Home Inc reported income of $37.4m and spending of $38.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.0m to $37.4m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jamaica Hospital Nursing Home Inc sits at the 99th percentile: it is larger than about 99% 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 Somerville-Cambridge Elder Services Incorporated ($37.4m), Lafourche Parish Hospital Service District No 1 ($37.5m) and St Mary S Elderly Housing Corporation Inc ($37.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $525k (1.4% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $44.4m against liabilities of $78.1m, net assets of -$33.7m. It reported 283 employees.