Island Nursing Home Inc

Analysis

Island Nursing Home Inc is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in December 1975, 51 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 June 2023, Island Nursing Home Inc reported income of $982k and spending of $629k, leaving 36% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.7m to $982k (-83%), an average of -44% a year. The sharpest change came in the year to June 2022, when income dropped by 67%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Island Nursing Home Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include River City Advocacy Inc ($981k), Growing Place Center for Helping People ($982k) and Southwest Minnesota Emergency Medical Services Corporation ($981k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $63k (10% of expenses). Other salaries and wages came to $47k. At year end it held assets of $3.8m against liabilities of $166k, net assets of $3.7m. It reported 5 employees.