Chelsea Jewish Lifecare Inc

Analysis

Chelsea Jewish Lifecare Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in December 1975, 51 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chelsea Jewish Lifecare Inc reported income of $9.4m and spending of $9.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $9.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chelsea Jewish Lifecare Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Edward Ambulance Services LLC ($9.4m), Interval Brotherhood Homes Corporation ($9.4m) and Convalescent Hospital Fund for Children ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.3m (25% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $34.5m against liabilities of $10.5m, net assets of $24.0m. It reported 1,358 employees.