Presbyterian Home Care Centers Inc

Analysis

Presbyterian Home Care Centers Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in October 1988, 38 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 September 2023, Presbyterian Home Care Centers Inc reported income of $7.7m and spending of $7.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.5m to $7.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to September 2023, when income rose by 143%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Home Care Centers Inc 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 94th percentile within MN. Charities of a similar size with the same main cause include Lutheran Home of the Good Shepherd ($7.7m), McLaren Bay Special Care ($7.7m) and CHC Community Care Inc ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $18.9m against liabilities of $9.9m, net assets of $9.0m.

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.