Care Dimensions Inc

Analysis

Care Dimensions Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Care Dimensions Inc reported income of $76.8m and spending of $74.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72.8m to $76.8m (+5.5%), an average of +1.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Care Dimensions Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Nebraska Heart Hospital ($76.7m), Pan-Massachusetts Challenge Inc ($76.9m) and Hopewell Health Centers Inc ($76.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.3m (4.4% of expenses). Other salaries and wages came to $43.8m. At year end it held assets of $78.1m against liabilities of $29.5m, net assets of $48.6m. It reported 752 employees.