Foundation for Home Health Inc

Analysis

Foundation for Home Health Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1970, 56 years ago. 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 June 2023, Foundation for Home Health Inc reported income of $444k and spending of $536k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $500k to $444k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 178%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Home Health Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Society for Neuroscience in Anesthesiology & Critical Care ($444k), Columbus Home Association of Quincy Inc ($444k) and Neosho Crosslines Ministries Inc ($444k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $734k against liabilities of $982k, net assets of -$248k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.