Potomac Home Support Inc

Analysis

Potomac Home Support Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Potomac Home Support Inc reported income of $4.8m and spending of $5.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.9m to $4.8m (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Potomac Home Support Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Childserve Clinic Inc ($4.8m), Garretts Space ($4.8m) and Hermann Eye Fund ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $2.0m against liabilities of $1.6m, net assets of $419k. It reported 233 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.