HCR Manorcare Inc

Analysis

HCR Manorcare Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in March 2019, 7 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, HCR Manorcare Inc reported income of $1.05bn and spending of $1.32bn, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.01bn to $1.05bn (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HCR Manorcare Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Ochsner Lsu Health System of North Louisiana ($1.04bn), Regions Hospital ($1.06bn) and St Cloud Hospital ($1.04bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Other salaries and wages came to $599.5m. At year end it held assets of $680.6m against liabilities of $1.19bn, net assets of -$507.7m. It reported 464 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.