Lima Convalescent Home Foundation Inc

Analysis

Lima Convalescent Home Foundation Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in April 1959, 67 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 September 2023, Lima Convalescent Home Foundation Inc reported income of $13.6m and spending of $11.5m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.1m to $13.6m (+67%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lima Convalescent Home Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include American Thrombosis and Hemostasisnetwork Inc ($13.6m), Episcopal Home Care and Services ($13.6m) and United Cerebral Palsy Association of Metro Boston Inc ($13.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $128k (1.1% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $14.7m against liabilities of $6.0m, net assets of $8.7m. It reported 293 employees.