Advanced Home Care Inc

Analysis

Advanced Home Care Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 September 2023, Advanced Home Care Inc reported income of $13.2m and spending of $1.3m, leaving 90% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $137.2m to $13.2m (-90%), an average of -44% a year. The sharpest change came in the year to September 2023, when income rose by 952%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advanced Home Care Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Los Alamos Retirement Community Inc ($13.2m), Saint Anne Institute ($13.2m) and Healtheconnections Inc ($13.2m).

At year end it held assets of $59.6m against liabilities of $228k, net assets of $59.4m.