Clarence Nursing Home Inc

Analysis

Clarence Nursing Home Inc is a registered charity in United States, based in Clarence, IA. It received its IRS tax-exemption ruling in May 1966, 60 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, Clarence Nursing Home Inc reported income of $5.3m and spending of $5.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clarence Nursing Home Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include McA Tech Park Inc ($5.3m), Specialty Hospital of Lorain ($5.3m) and United Mitochondrial Disease Foundation Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $18k (0.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.0m against liabilities of $276k, net assets of $9.7m. It reported 100 employees.