Riseboro Homecare Inc

Analysis

Riseboro Homecare 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. 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, Riseboro Homecare Inc reported income of $35.0m and spending of $36.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.0m to $35.0m (-10%), an average of -2.7% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riseboro Homecare 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 97th percentile within NY. Charities of a similar size with the same main cause include R a I N Home Attendant Services Inc ($35.0m), Montgomery County Food Bank Inc ($35.0m) and St Petersburg Free Clinic Inc ($34.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Other salaries and wages came to $24.5m. At year end it held assets of $9.9m against liabilities of $5.6m, net assets of $4.3m. It reported 1,184 employees.