Greene Acres Nursing Home Assc Inc

Analysis

Greene Acres Nursing Home Assc Inc is a registered charity in United States, based in Paragould, AR. It received its IRS tax-exemption ruling in February 1959, 67 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, Greene Acres Nursing Home Assc Inc reported income of $10.3m and spending of $10.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.8m to $10.3m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greene Acres Nursing Home Assc Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Lincoln Medical Education Partnership ($10.3m), PKD Foundation ($10.3m) and Federal Defender Program Inc ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $113k (1.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $7.6m against liabilities of $1.8m, net assets of $5.7m. It reported 213 employees.