Finger Lakes Home Care Inc

Analysis

Finger Lakes Home Care Inc is a registered charity in United States, based in Webster, NY. It received its IRS tax-exemption ruling in August 1996, 30 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, Finger Lakes Home Care Inc reported income of $262k and spending of $516k, spending 197% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $727k to $262k (-64%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 151% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Finger Lakes Home Care Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include John Curry ($261k), Joseph Robert Shaw Foundation Inc ($262k) and Recovery-Hub Inc ($261k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $170k. At year end it held assets of $447k against liabilities of $3.5m, net assets of -$3.1m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.