Lourdes-Noreen McKeen Residence for Geriatric Care Inc

Analysis

Lourdes-Noreen McKeen Residence for Geriatric Care Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 1946, 80 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, Lourdes-Noreen McKeen Residence for Geriatric Care Inc reported income of $23.9m and spending of $26.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $25.2m to $23.9m (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lourdes-Noreen McKeen Residence for Geriatric Care Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Society of St Vincent de Paul Archdiocesan Council of St Louis ($23.9m), Hospice of Spokane ($23.9m) and Westminster Village Inc ($23.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 91% of the total. Other salaries and wages came to $8.3m. At year end it held assets of $46.6m against liabilities of $15.4m, net assets of $31.2m. It reported 302 employees.