Yale New Haven Health at Home Inc

Analysis

Yale New Haven Health at Home Inc is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Yale New Haven Health at Home Inc reported income of $34.4m and spending of $45.1m, spending 131% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $3.9m to $34.4m (+777%), an average of +54% a year. The sharpest change came in the year to September 2020, when income rose by 365%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yale New Haven Health 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 CT. Charities of a similar size with the same main cause include Young Americas Foundation ($34.4m), Little Red School House Inc ($34.5m) and New Horizons Resources Inc ($34.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $153k (0.3% of expenses). Other salaries and wages came to $26.0m. At year end it held assets of $13.7m against liabilities of $26.3m, net assets of -$12.5m. It reported 157 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.