North Rockford Convalescent Home

Analysis

North Rockford Convalescent Home is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in June 1937, 89 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 2024, North Rockford Convalescent Home reported income of $4.7m and spending of $5.0m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $4.7m (+23%), an average of +5.2% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Rockford Convalescent Home sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Exchange Events Inc ($4.7m), Whitfield Healthcare Foundation Inc ($4.7m) and Renaissance Behavioral Health Systems Inc ($4.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. At year end it held assets of $25.0m against liabilities of $31.2m, net assets of -$6.2m.