Holy Redeemer Home Care Inc

Analysis

Holy Redeemer Home Care Inc is a registered charity in United States, based in Runnemede, NJ. It received its IRS tax-exemption ruling in June 1948, 78 years ago. 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 June 2023, Holy Redeemer Home Care Inc reported income of $11.1m and spending of $11.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.1m to $11.1m (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Redeemer Home Care Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Achievement Center for Children ($11.1m), Kootasca Community Action Inc ($11.1m) and Family Resources Inc ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $148k (1.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $97.0m against liabilities of $97.6m, net assets of -$590k. It reported 126 employees.