Charles County Nursing Home Inc

Analysis

Charles County Nursing Home Inc is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in April 1977, 49 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, Charles County Nursing Home Inc reported income of $20.0m and spending of $22.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $23.3m to $20.0m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charles County Nursing Home Inc 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 96th percentile within MD. Charities of a similar size with the same main cause include Advocate Health Care Network ($20.0m), Medic Inc ($20.0m) and St Vincent Seton Specialty Hospital Inc ($20.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $61k (0.3% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $7.1m against liabilities of $6.1m, net assets of $1.0m. It reported 278 employees.