Ashland Nursing Home Corporation

Analysis

Ashland Nursing Home Corporation is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in October 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, Ashland Nursing Home Corporation reported income of $10.9m and spending of $10.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to June 2023, income fell from $12.8m to $10.9m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ashland Nursing Home Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Southern California Alcohol and Drug Programs Inc ($10.9m), Amanecer Community Counseling Service a Non-Profit Corporation ($10.9m) and Redwood School & Rehabilitation Center Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $13.8m against liabilities of $1.1m, net assets of $12.7m. It reported 300 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.