JHC Assisted Living Corp

Analysis

JHC Assisted Living Corp is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in June 1998, 28 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, JHC Assisted Living Corp reported income of $5.6m and spending of $5.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $5.6m (+13%), an average of +3.1% a year. 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, JHC Assisted Living Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include The Beacon of Downtown Houston ($5.6m), St Josephs Hospital of Tampa Foundation Inc ($5.6m) and Carroll Institute ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $4.5m against liabilities of $5.3m, net assets of -$775k. It reported 122 employees.