Physicians Home

Analysis

Physicians Home is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Physicians Home reported income of $380k and spending of $534k, spending 140% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $341k to $380k (+11%), an average of +2.8% a year. The sharpest change came in the year to September 2020, when income rose by 129%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Physicians Home sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Meals on Wheels of Charlotte County Inc ($380k), Moms House Inc ($380k) and Inn Ministries Inc ($380k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% of the total. Compensation of current officers, directors and key employees was $9,615 (1.8% of expenses). Other salaries and wages came to $57k. At year end it held assets of $13.8m against liabilities of $78k, net assets of $13.8m. It reported 3 employees.