Symmes Life Care Inc

Analysis

Symmes Life Care Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Symmes Life Care Inc reported income of $33.8m and spending of $33.0m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.5m to $33.8m (+50%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Symmes Life Care Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Southeast Michigan Community Alliance Inc ($33.8m), Maryland Family Network Inc ($33.8m) and Young Mens Christian Association of Metropolitan Hartford Inc ($33.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (3.3% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $202.6m against liabilities of $217.8m, net assets of -$15.1m. It reported 324 employees.