Tower Health at Home

Analysis

Tower Health at Home is a registered charity in United States, based in West Reading, PA. It received its IRS tax-exemption ruling in November 1956, 70 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tower Health at Home reported income of $18.1m and spending of $19.8m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $18.1m (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tower Health at Home sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Mississippi Bapt Health Systems Inc ($18.1m), Net Treatment Services Inc ($18.1m) and Keystone Human Services ($18.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $556k (2.8% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $6.5m against liabilities of $5.7m, net assets of $780k. It reported 170 employees.