California Home for the Aged Inc

Analysis

California Home for the Aged Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in October 1952, 74 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 May 2023, California Home for the Aged Inc reported income of $26.8m and spending of $27.5m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $19.1m to $26.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to May 2020, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, California Home for the Aged Inc 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 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Burnett Medical Center Inc ($26.8m), Family Health Council of Central Pa Inc ($26.8m) and West Valley Nursing Homes Inc ($26.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $736k (2.7% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $63.0m against liabilities of $26.4m, net assets of $36.6m. It reported 445 employees.