Panhandle Home Health Inc

Analysis

Panhandle Home Health Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in April 1976, 50 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 December 2023, Panhandle Home Health Inc reported income of $4.1m and spending of $4.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $4.1m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Panhandle Home Health Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WV. Charities of a similar size with the same main cause include Mega Care Inc ($4.1m), Colorado Community Health Network Inc ($4.2m) and American Academy of Dental Sleep Medicine ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $234k (5.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.4m against liabilities of $571k, net assets of $2.9m. It reported 53 employees.