Northwest Home for the Aged

Analysis

Northwest Home for the Aged is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1950, 76 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private operating foundation exempt from paying excise taxes under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Northwest Home for the Aged reported income of $6.7m and spending of $6.9m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $6.2m to $6.7m (+8.3%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 163% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northwest Home for the Aged sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Wray Community District Hospital ($6.7m), Capitol View Transitional Care ($6.7m) and Plymouth Community Ambulance Assn ($6.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.1% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $142k (2.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $98.4m against liabilities of $3.6m, net assets of $94.8m. It reported 31 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.