St Anns Home For The Aged Corp
St. Ann's Home for the Aged: Stable Finances, High Program Spending
EIN: 222823794 · Jersey City, NJ · NTEE: E910 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $18.9M |
| Total Expenses | $16.6M |
| Program Spending | 85% |
| Net Assets | $18.1M |
| Transparency Score | 85/100 |
Is St Anns Home For The Aged Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Anns Home For The Aged Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Anns Home For The Aged Corp
St Anns Home For The Aged Corp (EIN: 222823794) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code E910. The organization reported total revenue of $18.9M and total assets of $30.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Anns Home For The Aged Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Anns Home For The Aged Corp is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.2M |
| Total Expenses | $16.6M |
| Surplus / Deficit | $-446,167 |
| Total Assets | $30.6M |
| Total Liabilities | $12.6M |
| Net Assets | $18.1M |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 41.0% |
| Months of Reserves | 22.1 months |
Financial Health Grade: B
In 2023, St Anns Home For The Aged Corp reported a deficit of $446K with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 41.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Anns Home For The Aged Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | +9.0% | +6.8% |
| 2022 | -16.0% | +5.6% | -15.3% |
| 2021 | -0.1% | -6.6% | -0.2% |
| 2020 | -0.4% | -1.5% | +9.4% |
| 2019 | +6.4% | +4.1% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Anns Home For The Aged Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, St Anns Home For The Aged Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $446K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.0%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for St Anns Home For The Aged Corp:
- Consistent revenue generation over the past several years, averaging around $15-16 million annually.
- Strong program spending, with a high percentage of expenses dedicated to direct services.
- Healthy asset base of over $30 million, providing financial stability.
- Low fundraising costs, indicating efficient resource allocation for donor acquisition and retention.
Frequently Asked Questions about St Anns Home For The Aged Corp
Is St Anns Home For The Aged Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, St Anns Home For The Aged Corp (EIN: 222823794) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does St Anns Home For The Aged Corp spend its money?
St Anns Home For The Aged Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Anns Home For The Aged Corp tax-deductible?
St Anns Home For The Aged Corp is registered as a tax-exempt nonprofit (EIN: 222823794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Anns Home For The Aged Corp's spending goes to programs?
St Anns Home For The Aged Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Anns Home For The Aged Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), St Anns Home For The Aged Corp is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Anns Home For The Aged Corp located?
St Anns Home For The Aged Corp is headquartered in Jersey City, New Jersey and files with the IRS under EIN 222823794. It is classified under NTEE code E910.
How many years of IRS 990 filings does St Anns Home For The Aged Corp have?
St Anns Home For The Aged Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18.9M in total revenue.
What does St Anns Home For The Aged Corp do?
St Anns Home For The Aged Corp is a nonprofit organization in the Health Care sector, located in Jersey City, New Jersey. It is classified under NTEE code E910.
How much revenue does St Anns Home For The Aged Corp have?
St Anns Home For The Aged Corp reported total revenue of $18,915,973. Based on 13 IRS 990 filings on record.
What are St Anns Home For The Aged Corp's total assets?
St Anns Home For The Aged Corp holds total assets of $30,762,703 as reported in IRS 990 filings.
Where is St Anns Home For The Aged Corp located?
St Anns Home For The Aged Corp is based in Jersey City, New Jersey.
What is St Anns Home For The Aged Corp's EIN?
St Anns Home For The Aged Corp's Employer Identification Number (EIN) is 222823794. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Anns Home For The Aged Corp?
St Anns Home For The Aged Corp is classified under NTEE code E910 (Health Care).
Is St Anns Home For The Aged Corp a registered 501(c)(3)?
Yes, St Anns Home For The Aged Corp is recognized as a tax-exempt organization by the IRS. EIN: 222823794.
Does St Anns Home For The Aged Corp file IRS Form 990?
Yes, St Anns Home For The Aged Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was St Anns Home For The Aged Corp's revenue in 2023?
In the 202312 filing period, St Anns Home For The Aged Corp reported total revenue of $16,168,154, total expenses of $16,614,321, and net assets of $30,640,765.
Is St Anns Home For The Aged Corp's revenue growing or declining?
St Anns Home For The Aged Corp's revenue is growing. Revenue went from $13,557,529 (202212) to $16,168,154 (202312), a +19.3% change. Based on 13 filings on record.
What is St Anns Home For The Aged Corp's most recent 990 filing?
The most recent IRS Form 990 filing for St Anns Home For The Aged Corp covers tax period 202312. It shows revenue of $16,168,154, expenses of $16,614,321, total assets of $30,640,765, and liabilities of $12,550,833.
How much does St Anns Home For The Aged Corp spend on programs vs administration?
Based on IRS 990 analysis, St Anns Home For The Aged Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is St Anns Home For The Aged Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, St Anns Home For The Aged Corp appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are St Anns Home For The Aged Corp's strengths?
Positive indicators for St Anns Home For The Aged Corp include: Consistent revenue generation over the past several years, averaging around $15-16 million annually.. Strong program spending, with a high percentage of expenses dedicated to direct services.. Healthy asset base of over $30 million, providing financial stability.. Low fundraising costs, indicating efficient resource allocation for donor acquisition and retention.. These findings are derived from AI analysis of the organization's financial filings.
How does St Anns Home For The Aged Corp compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does St. Ann's Home for the Aged maintain such a high program spending ratio while also managing a significant asset base?
The organization consistently allocates a large portion of its total expenses to programs (e.g., in 2023, expenses were $16,614,321, with a significant portion likely for direct care), suggesting efficient operational management and a focus on its core mission. The substantial asset base of $30,762,703 (2023) likely provides a stable foundation, potentially generating investment income that supports operations without heavily relying on fundraising for core services.
What is the trend in the organization's net assets over the past five years, and what does it indicate about its financial health?
Looking at the difference between assets and liabilities, net assets have been relatively stable. For example, in 2019, net assets were approximately $19.2 million ($31,002,275 - $11,795,651), and in 2023, they were around $18.1 million ($30,640,765 - $12,550,833). This stability, despite fluctuations in revenue and expenses, indicates a resilient financial position capable of weathering operational changes.
Filing History
IRS 990 filing history for St Anns Home For The Aged Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Anns Home For The Aged Corp's revenue has grown by 29.6%, moving from $12.5M to $16.2M. Total assets increased by 10.6% over the same period, from $27.7M to $30.6M. Total functional expenses rose by 35.4%, from $12.3M to $16.6M. In its most recent filing year (2023), St Anns Home For The Aged Corp reported a deficit of $446K, with expenses exceeding revenue. The organization holds $12.6M in liabilities against $30.6M in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $18.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.2M | $16.6M | $30.6M | $12.6M | — | — |
| 2022 | $13.6M | $15.2M | $28.7M | $11.9M | — | View 990 |
| 2021 | $16.1M | $14.4M | $33.8M | $12.4M | — | View 990 |
| 2020 | $16.1M | $15.5M | $33.9M | $13.1M | — | View 990 |
| 2019 | $16.2M | $15.7M | $31.0M | $11.8M | — | View 990 |
| 2018 | $15.2M | $15.1M | $29.5M | $12.3M | — | View 990 |
| 2017 | $14.7M | $14.8M | $30.4M | $12.7M | — | View 990 |
| 2016 | $14.8M | $14.0M | $29.0M | $12.7M | — | View 990 |
| 2015 | $13.8M | $13.7M | $28.1M | $13.3M | — | View 990 |
| 2014 | $14.8M | $13.6M | $29.3M | $13.9M | — | View 990 |
| 2013 | $13.7M | $13.2M | $29.8M | $14.6M | — | View 990 |
| 2012 | $13.5M | $13.5M | $28.4M | $17.7M | — | View 990 |
| 2011 | $12.5M | $12.3M | $27.7M | $17.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.2M, expenses of $16.6M, and assets of $30.6M (revenue +19.3% year-over-year).
- 2022: Revenue of $13.6M, expenses of $15.2M, and assets of $28.7M (revenue -16.0% year-over-year).
- 2021: Revenue of $16.1M, expenses of $14.4M, and assets of $33.8M (revenue -0.1% year-over-year).
- 2020: Revenue of $16.1M, expenses of $15.5M, and assets of $33.9M (revenue -0.4% year-over-year).
- 2019: Revenue of $16.2M, expenses of $15.7M, and assets of $31.0M (revenue +6.4% year-over-year).
- 2018: Revenue of $15.2M, expenses of $15.1M, and assets of $29.5M (revenue +3.4% year-over-year).
- 2017: Revenue of $14.7M, expenses of $14.8M, and assets of $30.4M (revenue -0.1% year-over-year).
- 2016: Revenue of $14.8M, expenses of $14.0M, and assets of $29.0M (revenue +7.2% year-over-year).
- 2015: Revenue of $13.8M, expenses of $13.7M, and assets of $28.1M (revenue -6.8% year-over-year).
- 2014: Revenue of $14.8M, expenses of $13.6M, and assets of $29.3M (revenue +7.4% year-over-year).
- 2013: Revenue of $13.7M, expenses of $13.2M, and assets of $29.8M (revenue +1.7% year-over-year).
- 2012: Revenue of $13.5M, expenses of $13.5M, and assets of $28.4M (revenue +8.4% year-over-year).
- 2011: Revenue of $12.5M, expenses of $12.3M, and assets of $27.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Anns Home For The Aged Corp:
Data Sources and Methodology
This transparency report for St Anns Home For The Aged Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.