Boston Home Inc

Analysis

Boston Home Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in February 1937, 89 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, Boston Home Inc reported income of $20.0m and spending of $19.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.9m to $20.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Boston Home 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 Medic Inc ($20.0m), Shannon Business Services Inc ($20.0m) and Charles County Nursing Home Inc ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $748k (3.8% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $75.2m against liabilities of $9.1m, net assets of $66.1m. It reported 270 employees.