Cheshire Home Inc

Analysis

Cheshire Home Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in November 1971, 55 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, Cheshire Home Inc reported income of $10.6m and spending of $11.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $10.6m (+27%), an average of +6.1% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cheshire Home Inc sits at the 94th percentile: it is larger than about 94% 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 Father Flanagans Boys Home ($10.6m), Young Men & Womens Christian Assn of Newark & Vicinity ($10.6m) and Cayenne Wellness Center and Childrens Foundation Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $657k (5.8% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $5.6m against liabilities of $2.5m, net assets of $3.1m. It reported 122 employees.