Home Health Management Services Inc

Analysis

Home Health Management Services Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1982, 44 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, Home Health Management Services Inc reported income of $9.3m and spending of $11.1m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $32.7m to $9.3m (-72%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Health Management Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Center for Research Libraries ($9.3m), NRF Foundation ($9.3m) and Habitat for Humanity International Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $232k (2.1% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $5.8m against liabilities of $3.3m, net assets of $2.5m. It reported 645 employees.