Sterling Home Care Inc

Analysis

Sterling Home Care Inc is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Sterling Home Care Inc reported income of $19.9m and spending of $20.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.4m to $19.9m (+2.2%), an average of +0.6% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sterling Home Care Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Peninsula Family Service ($19.9m), Community Action Agency of Northeast Alabama Inc ($19.9m) and Nourish Up ($19.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $830k (4.0% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $7.1m against liabilities of $1.2m, net assets of $5.9m. It reported 420 employees.