Home for Aged Women Inc

Analysis

Home for Aged Women Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Home for Aged Women Inc reported income of $14.4m and spending of $10.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.7m to $14.4m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home for Aged Women Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Gateway Community Industries Inc ($14.3m), Covenant Village Inc ($14.4m) and Project Hope Foundation Inc ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $271k (2.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $71.3m against liabilities of $2.1m, net assets of $69.2m. It reported 164 employees.