Annapolis Life Care Inc

Analysis

Annapolis Life Care Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Annapolis Life Care Inc reported income of $26.4m and spending of $29.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.1m to $26.4m (+19%), an average of +4.5% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Annapolis Life Care Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Commquest Services Inc ($26.4m), Wesley Manor Inc ($26.4m) and Seacoast Health Systems Inc ($26.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $676k (2.3% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $116.7m against liabilities of $169.2m, net assets of -$52.5m. It reported 338 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.