Premier Home Care Inc

Analysis

Premier Home Care Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2023, Premier Home Care Inc reported income of $2.1m and spending of $2.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.1m (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Premier Home Care Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Deaf Services Center Inc ($2.1m), Franciscan Foundation Washington ($2.1m) and New Beginning Sanctuary ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $84k against liabilities of $0, net assets of $84k. It reported 231 employees.