Belgrade Nursing Home

Analysis

Belgrade Nursing Home is a registered charity in United States, based in Belgrade, MN. It received its IRS tax-exemption ruling in April 2024, 2 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, Belgrade Nursing Home reported income of $3.8m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.8m (+21%), an average of +5.0% a year. 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, Belgrade Nursing Home sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include TRC the Recovery Center ($3.8m), Ozanam Charitable Pharmacy Inc ($3.8m) and Pemi-Baker Hospice & Home Health ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $105k (2.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $1.0m, net assets of $504k. It reported 65 employees.