Presbyterian Village East

Analysis

Presbyterian Village East is a registered charity in United States, based in Chesterfield TWP, MI. It received its IRS tax-exemption ruling in December 1993, 33 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 December 2023, Presbyterian Village East reported income of $21.3m and spending of $24.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.8m to $21.3m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Village East sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include The Reutlinger Community ($21.3m), Integrinurse Inc ($21.4m) and Gastro-Intestinal Research Foundation Inc ($21.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $188k (0.8% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $21.9m against liabilities of $24.7m, net assets of -$2.8m. It reported 345 employees.