Snyder Nursing Home Inc

Analysis

Snyder Nursing Home Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in February 1983, 43 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 August 2023, Snyder Nursing Home Inc reported income of $4.2m and spending of $4.5m, spending 106% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $4.1m to $4.2m (+2.1%), an average of +0.7% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Snyder Nursing Home Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Kansas City Hospice Foundation ($4.2m), Eastwood Assisted Living Inc ($4.2m) and Abg Wellness Group Inc ($4.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $13k (0.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.9m against liabilities of $264k, net assets of $4.6m. It reported 113 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.