Home Care Services for Independent Living Inc

Analysis

Home Care Services for Independent Living Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1980, 46 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 (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, Home Care Services for Independent Living Inc reported income of $16.5m and spending of $19.2m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.9m to $16.5m (-48%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Home Care Services for Independent Living Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include The Childrens Home of Pittsburgh ($16.5m), Olathe Community Clinic Inc ($16.5m) and Madison Community Hospital Inc ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $497k (2.6% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $7.4m against liabilities of $5.4m, net assets of $2.0m. It reported 544 employees.