Professional Home Care Inc

Analysis

Professional Home Care Inc is a registered charity in United States, based in Johnson City, NY. It received its IRS tax-exemption ruling in December 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Professional Home Care Inc reported income of $6.5m and spending of $7.5m, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $9.2m to $6.5m (-29%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Professional Home Care Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Ohio Eastern Star Health Care Center Inc ($6.5m), Healthconnect Texas ($6.5m) and Foundation for Angelman Syndrome Therapeutics ($6.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $174k (2.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.3m against liabilities of $1.2m, net assets of $6.1m. It reported 59 employees.