Benjamin Hershey Memorial Convalescent Home

Analysis

Benjamin Hershey Memorial Convalescent Home is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in June 1939, 87 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 June 2023, Benjamin Hershey Memorial Convalescent Home reported income of $508k and spending of $520k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $520k to $508k (-2.3%), an average of -0.8% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benjamin Hershey Memorial Convalescent Home sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Sturgeon City of Jacksonville NC ($508k), Virginia Ship Repair Foundation Inc ($508k) and German Studies Association ($508k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. At year end it held assets of $3.4m against liabilities of $3.1m, net assets of $391k.