Columbus Colony for Elderly Care Inc

Analysis

Columbus Colony for Elderly Care Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Columbus Colony for Elderly Care Inc reported income of $9.3m and spending of $9.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.1m to $9.3m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Columbus Colony for Elderly Care Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Gaudenzia DRC Inc ($9.2m), Little Sisters of the Poor Home for the Aged Inc ($9.3m) and Integrate Health Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $3.7m against liabilities of $3.7m, net assets of -$65k. It reported 190 employees.