Germantown Home

Analysis

Germantown Home is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Germantown Home reported income of $20.4m and spending of $28.5m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.6m to $20.4m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Germantown Home sits at the 89th percentile: it is larger than about 89% 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 Freeman Regional Health Services ($20.4m), NCC Solutions Inc ($20.4m) and Knights Templar Eye Foundation Inc ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 86% of the total. Other salaries and wages came to $12.4m. At year end it held assets of $42.0m against liabilities of $76.5m, net assets of -$34.5m. It reported 318 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.