CHS of Waltham Inc

Analysis

CHS of Waltham Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in February 1997, 29 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, CHS of Waltham Inc reported income of $12.0m and spending of $12.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.4m to $12.0m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 26%. 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, CHS of Waltham Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Integrated Living Inc ($12.0m), Vista Plains Health ($12.0m) and CHS of Worcester Inc ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $153k (1.2% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $7.5m against liabilities of $8.5m, net assets of -$1.0m. It reported 120 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.