Home Centered Care Institute

Analysis

Home Centered Care Institute is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in November 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, Home Centered Care Institute reported income of $2.6m and spending of $3.3m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.6m (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Home Centered Care Institute sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Inside Out Wellness and Advocacy ($2.6m), International Consortium for Health Outcomes Measurement Inc ($2.6m) and Lions Medical Eye Bank and Research Center of Eastern Virginia Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $543k (16% of expenses). Other salaries and wages came to $911k. It paid $126k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $467k, net assets of $2.1m. It reported 19 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.