Homeassist Health Inc

Analysis

Homeassist Health Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2016, 10 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, Homeassist Health Inc reported income of $11.6m and spending of $11.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.7m to $11.6m (+8.1%), an average of +2.0% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Homeassist Health Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Polinsky Medical Rehabilitation Center ($11.6m), Vivent Health Texas Inc ($11.6m) and North Texas Healthy Communities ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $194k (1.7% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $6.8m against liabilities of $3.1m, net assets of $3.7m. It reported 522 employees.