Calvert City Convalescent Center Inc

Analysis

Calvert City Convalescent Center Inc is a registered charity in United States, based in Calvert City, KY. It received its IRS tax-exemption ruling in August 1979, 47 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, Calvert City Convalescent Center Inc reported income of $8.6m and spending of $8.5m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.3m to $8.6m (+17%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Calvert City Convalescent Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Fairfield Community Health Center ($8.6m), South Texas Rural Health Services Inc ($8.6m) and Centrastate Healthcare Foundation ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Other salaries and wages came to $6.2m. At year end it held assets of $3.5m against liabilities of $700k, net assets of $2.8m. It reported 5 employees.