Henry C Nevins Home Inc

Analysis

Henry C Nevins Home Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Henry C Nevins Home Inc reported income of $18.5m and spending of $20.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $18.5m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Henry C Nevins Home Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Grace Lutheran Foundation Inc ($18.5m), Indiana Health Information Exchange Inc ($18.5m) and Community Health Center of Buffalo Inc ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $233k (1.1% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $12.5m against liabilities of $12.0m, net assets of $487k. It reported 292 employees.