Shared Services Home Health Care Corporation

Analysis

Shared Services Home Health Care Corporation is a registered charity in United States, based in Saline, MI. It received its IRS tax-exemption ruling in October 2008, 18 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 April 2023, Shared Services Home Health Care Corporation reported income of $3.0m and spending of $2.9m, spending 99% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.9m to $3.0m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to April 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shared Services Home Health Care Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Stuart Village Nursing Home Board ($3.0m), Bath Community Hospital Foundation ($3.0m) and Valley Christian Counseling and Wellness ($3.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $1.0m against liabilities of $1.4m, net assets of -$396k. It reported 51 employees.