South Cove Manor Nursing and Rehabilitation Center Inc

Analysis

South Cove Manor Nursing and Rehabilitation Center Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in November 2011, 15 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 December 2023, South Cove Manor Nursing and Rehabilitation Center Inc reported income of $18.3m and spending of $17.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.7m to $18.3m (+16%), an average of +3.8% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Cove Manor Nursing and Rehabilitation Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Multidisciplinary Association for Psychedelic Studies ($18.3m), Community House Mental Health Agency ($18.3m) and Society of Nuclear Medicine and Molecular Imaging ($18.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $472k (2.8% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $33.9m against liabilities of $19.2m, net assets of $14.8m. It reported 222 employees.