Boston Senior Home Care Inc

Analysis

Boston Senior Home Care Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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 June 2023, Boston Senior Home Care Inc reported income of $57.2m and spending of $57.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.4m to $57.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 21%. 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, Boston Senior Home Care 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 Some Inc ($57.1m), William Jessup University ($57.2m) and Fisher House Foundation Inc ($57.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $968k (1.7% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $21.0m against liabilities of $10.9m, net assets of $10.1m. It reported 232 employees.