Chesapeake-Potomac Home Health Agency Inc

Analysis

Chesapeake-Potomac Home Health Agency Inc is a registered charity in United States, based in Hughesville, MD. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chesapeake-Potomac Home Health Agency Inc reported income of $5.5m and spending of $4.7m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.3m to $5.5m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chesapeake-Potomac Home Health Agency Inc sits at the 93rd percentile: it is larger than about 93% 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 Portland Community College Foundation Inc ($5.5m), The Jewish Community Foundation of the West ($5.5m) and New Albany Community Foundation ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $424k (9.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $5.5m against liabilities of $526k, net assets of $5.0m. It reported 68 employees.