Lake Orion Nursing Center Corporation

Analysis

Lake Orion Nursing Center Corporation is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in September 2022, 4 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 September 2023, Lake Orion Nursing Center Corporation reported income of $10.0m and spending of $11.1m, spending 111% of what it took in. Across the 6 years on record, from September 2017 to September 2023, income fell from $12.3m to $10.0m (-19%), an average of -4.1% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Orion Nursing Center Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Life Science Cares Inc ($10.0m), Rhode Island Quality Institute ($10.0m) and Papanicolaou Corps for Cancer Research Inc ($10.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $309k (2.8% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $21.0m against liabilities of $1.4m, net assets of $19.6m. It reported 182 employees.