Family Health Center of Worcester Inc

Analysis

Family Health Center of Worcester Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in June 1973, 53 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, Family Health Center of Worcester Inc reported income of $59.5m and spending of $57.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.4m to $59.5m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Health Center of Worcester Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Great Circle ($59.4m), Usaging ($59.5m) and Young Mens Christian Association of Central Texas ($59.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.3m (2.2% of expenses). Other salaries and wages came to $26.0m. At year end it held assets of $16.9m against liabilities of $11.4m, net assets of $5.4m. It reported 562 employees.