Caring Heart Rehabilitation and Nursing Center Inc

Analysis

Caring Heart Rehabilitation and Nursing Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Caring Heart Rehabilitation and Nursing Center Inc reported income of $29.8m and spending of $28.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.0m to $29.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caring Heart Rehabilitation and Nursing Center 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 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Fort Hudson Nursing Center Inc ($29.7m), Hamilton Physician Group Inc ($29.8m) and Erie Homes for Children and Adults Inc ($29.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13.5m. At year end it held assets of $45.3m against liabilities of $41.2m, net assets of $4.1m. It reported 475 employees.