New Florence Nursing Home Inc

Analysis

New Florence Nursing Home Inc is a registered charity in United States, based in New Florence, MO. It received its IRS tax-exemption ruling in October 1977, 49 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 May 2023, New Florence Nursing Home Inc reported income of $4.7m and spending of $4.7m, spending 100% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $5.3m to $4.7m (-11%), an average of -3.6% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Florence Nursing Home Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Youth Dynamics ($4.7m), Na Pu Uwai ($4.7m) and Serra Residential Center ($4.7m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $2.4m against liabilities of $1.8m, net assets of $527k. It reported 87 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.