Mission Convalescent Home

Analysis

Mission Convalescent Home is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in January 1965, 61 years ago. 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, Mission Convalescent Home reported income of $3.9m and spending of $4.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $3.9m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mission Convalescent Home sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include New Jersey Center for Visual Arts a New Jersey Nonprofit Corporation ($3.9m), Asylum Hill Family Medicine Center Inc ($3.9m) and Young Mens Christian Asso of Fayetteville NC Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.0m against liabilities of $166k, net assets of $2.8m. It reported 98 employees.