Quality Home Care Services Inc

Analysis

Quality Home Care Services Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2007, 19 years ago. 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, Quality Home Care Services Inc reported income of $3.8m and spending of $4.5m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.8m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 223%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality Home Care Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include National Relief Telecom Inc ($3.8m), Mi Management Inc ($3.8m) and Childcare Network of Evanston ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $765k, net assets of $706k. It reported 49 employees.