Florence Home for the Aged

Analysis

Florence Home for the Aged is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 1939, 87 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Florence Home for the Aged reported income of $14.7m and spending of $14.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.7m to $14.7m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Florence Home for the Aged sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NE. Charities of a similar size with the same main cause include Springs Rescue Mission ($14.7m), Easter Seals Joliet Region Inc ($14.7m) and YMCA ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Other salaries and wages came to $6.8m. At year end it held assets of $6.6m against liabilities of $2.9m, net assets of $3.7m. It reported 372 employees.