Marwood Manor Nursing Home

Analysis

Marwood Manor Nursing Home is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in November 1986, 40 years ago. 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, Marwood Manor Nursing Home reported income of $28.5m and spending of $25.8m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $25.6m to $28.5m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marwood Manor Nursing Home sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Shore Up Inc ($28.4m), Delta Area Economic Opportunity Corporation ($28.5m) and Latham Centers Inc ($28.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $280k (1.1% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $36.9m against liabilities of $3.6m, net assets of $33.3m. It reported 443 employees.