The Montefiore Home

Analysis

The Montefiore Home is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in November 1933, 93 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Montefiore Home reported income of $24.5m and spending of $26.4m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.5m to $24.5m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Montefiore Home sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Options for Community Living Inc ($24.5m), Scranton Counseling Center ($24.5m) and Zumbro Valley Health Center Inc ($24.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $13.1m. At year end it held assets of $28.6m against liabilities of $20.1m, net assets of $8.5m. It reported 392 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.