Valdese Nursing Home Inc College Pines Nursing Center

Analysis

Valdese Nursing Home Inc College Pines Nursing Center is a registered charity in United States, based in Connelly SPG, NC. It received its IRS tax-exemption ruling in December 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 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, Valdese Nursing Home Inc College Pines Nursing Center reported income of $683k and spending of $132k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $4.6m to $683k (-85%), an average of -38% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valdese Nursing Home Inc College Pines Nursing Center sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include H Foundation ($683k), Medical Park Foundation Inc ($684k) and Abbacare Inc ($683k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $821k against liabilities of $1.9m, net assets of -$1.1m.