Edmore Memorial Rest Home Inc

Analysis

Edmore Memorial Rest Home Inc is a registered charity in United States, based in Edmore, ND. It received its IRS tax-exemption ruling in June 1976, 50 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 December 2023, Edmore Memorial Rest Home Inc reported income of $279k and spending of $289k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $287k to $279k (-2.6%), an average of -0.7% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edmore Memorial Rest Home Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ND. Charities of a similar size with the same main cause include All Florida Youth Orchestra ($279k), Du Page Symphony ($279k) and Rockville Meals on Wheels Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $205k. At year end it held assets of $36k against liabilities of $0, net assets of $36k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.