Stewartville Nursing Home Inc

Analysis

Stewartville Nursing Home Inc is a registered charity in United States, based in Stewartville, MN. It received its IRS tax-exemption ruling in August 1979, 47 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, Stewartville Nursing Home Inc reported income of $6.9m and spending of $6.4m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.8m to $6.9m (+0.5%), an average of +0.1% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stewartville Nursing Home Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Natl Conference on Public Employee Retirement Systems Irrv TR ($6.9m), Monroe Community College Foundation Inc ($6.9m) and Colorado Mountain College Foundation Inc ($6.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $94k (1.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.3m against liabilities of $1.5m, net assets of $1.7m. It reported 94 employees.