Deutsches Altenheim Inc

Analysis

Deutsches Altenheim Inc is a registered charity in United States, based in West Roxbury, MA. It received its IRS tax-exemption ruling in March 1947, 79 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Deutsches Altenheim Inc reported income of $23.3m and spending of $22.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.3m to $23.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deutsches Altenheim Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Madison-Haywood County Developmental Services Inc ($23.3m), Innovative Services Inc ($23.3m) and Team Inc ($23.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 96% of the total. Other salaries and wages came to $12.4m. At year end it held assets of $26.6m against liabilities of $19.2m, net assets of $7.4m. It reported 345 employees.