Schaffer Extended Care Center

Analysis

Schaffer Extended Care Center is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schaffer Extended Care Center reported income of $17.3m and spending of $25.9m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.0m to $17.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Schaffer Extended Care Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Metro Crisis Services Inc ($17.3m), Southwest Healthcare Corporation ($17.3m) and Friends of Youth ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $10.9m. At year end it held assets of $7.4m against liabilities of $43.2m, net assets of -$35.8m. It reported 163 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.