NHRMC Home Care

Analysis

NHRMC Home Care is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, NHRMC Home Care reported income of $7.8m and spending of $11.1m, spending 141% of what it took in. Across the 4 years on record, from September 2021 to December 2023, income fell from $8.7m to $7.8m (-10%), an average of -3.5% a year. The sharpest change came in the year to December 2022, when income rose by 238%. Over the whole period it spent 135% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, NHRMC Home Care sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Council on Alcoholism & Drug Abuse ($7.8m), Public Good Projects ($7.8m) and Gastrointestinal Specialists Foundation Inc ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $6.1m. At year end it held assets of $3.0m against liabilities of $4.5m, net assets of -$1.5m. It reported 91 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.