Boston Health Care for the Homeless Program Inc

Analysis

Boston Health Care for the Homeless Program Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Health Care for the Homeless Program Inc reported income of $80.3m and spending of $80.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $57.5m to $80.3m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boston Health Care for the Homeless Program 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 99th percentile within MA. Charities of a similar size with the same main cause include Community Food Bank Inc ($80.3m), Young Mens Christian Association of Metropolitan Los Angeles ($80.4m) and Hopehealth Hospice & Palliative Care ($80.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.7m (2.1% of expenses). Other salaries and wages came to $44.3m. At year end it held assets of $85.9m against liabilities of $8.9m, net assets of $77.0m. It reported 733 employees.