Charlevoix Nursing Home Corporation

Analysis

Charlevoix Nursing Home Corporation is a registered charity in United States, based in Charlevoix, MI. It received its IRS tax-exemption ruling in June 1992, 34 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, Charlevoix Nursing Home Corporation reported income of $8.9m and spending of $8.5m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.0m to $8.9m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlevoix Nursing Home Corporation sits at the 83rd percentile: it is larger than about 83% 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 Wayne Memorial Long Term Care Inc ($8.9m), Martin Luther King Jr Health Associates ($8.9m) and Center for Family Development Inc ($8.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $209k (2.5% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $9.5m against liabilities of $676k, net assets of $8.8m. It reported 127 employees.