Centre Homecare Inc

Analysis

Centre Homecare Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in January 1967, 59 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 June 2024, Centre Homecare Inc reported income of $1.9m and spending of $2.5m, spending 133% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.0m to $1.9m (-52%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centre Homecare Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Supreme Court Historical Society the Society ($1.9m), Young Mens Christian Association of Warren County ($1.9m) and Health Foundation of South Florida Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $7.2m against liabilities of $295k, net assets of $6.9m. It reported 43 employees.