Grace Village Health Care Facility Inc

Analysis

Grace Village Health Care Facility Inc is a registered charity in United States, based in Winona Lake, IN. It received its IRS tax-exemption ruling in March 1979, 47 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 December 2023, Grace Village Health Care Facility Inc reported income of $12.2m and spending of $11.1m, spending 91% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $9.6m to $12.2m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 262%. 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, Grace Village Health Care Facility Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Monongalia Emergency Medical Services Inc ($12.2m), Providence Speech & Hearing Center ($12.2m) and Lancaster General Health Holdings Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $229k (2.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $5.6m against liabilities of $4.2m, net assets of $1.4m. It reported 178 employees.