George Ade Memorial Health Care Center Inc

Analysis

George Ade Memorial Health Care Center Inc is a registered charity in United States, based in Brook, IN. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, George Ade Memorial Health Care Center Inc reported income of $5.5m and spending of $5.5m, spending 100% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $4.2m to $5.5m (+32%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, George Ade Memorial Health Care 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 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Carolina Farm Trust Inc ($5.5m), Network of Victim Assistance ($5.5m) and Safe Harbor Center Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $119k (2.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $692k against liabilities of $143k, net assets of $549k. It reported 140 employees.