Home Care Options Inc

Analysis

Home Care Options Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in May 1956, 70 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, Home Care Options Inc reported income of $2.7m and spending of $3.0m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $2.7m (-42%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Care Options Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Housingnola ($2.7m), Arc Property Management LLC ($2.7m) and Modest Community Services Association Inc ($2.7m).

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 $154k (5.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.6m against liabilities of $128k, net assets of $2.5m. It reported 132 employees.