Tufts Medicine Care at Home Inc

Analysis

Tufts Medicine Care at Home Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in March 1994, 32 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, Tufts Medicine Care at Home Inc reported income of $42.4m and spending of $51.6m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $21.2m to $42.4m (+100%), an average of +19% a year. The sharpest change came in the year to September 2022, when income rose by 87%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tufts Medicine Care at Home Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include United Methodist Homes of New Jersey ($42.4m), Milwaukee Center for Independence Inc ($42.4m) and United Methodist Retirement Communities Inc ($42.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $259k (0.5% of expenses). Other salaries and wages came to $27.1m. At year end it held assets of $25.2m against liabilities of $80.1m, net assets of -$54.9m. It reported 541 employees.