Methodist Home for the Aging

Analysis

Methodist Home for the Aging is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in April 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Methodist Home for the Aging reported income of $84k and spending of $112k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $84k to $84k (-0.6%), an average of -0.2% a year. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Methodist Home for the Aging sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within AL. Charities of a similar size with the same main cause include Brotherhood of Christian Law Enforcement Officers Inc ($84k), Pearland I S D Booster Clubs Inc ($84k) and Shiloh Community Pentecostal Church ($84k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $25k. At year end it held assets of $641k against liabilities of $54k, net assets of $587k.

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.