Morselife Home Care Inc

Analysis

Morselife Home Care Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in July 1987, 39 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 May 2023, Morselife Home Care Inc reported income of $88.7m and spending of $83.8m, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $54.6m to $88.7m (+63%), an average of +13% a year. The sharpest change came in the year to May 2020, when income rose by 26%. 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, Morselife Home Care Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include South Shore Medical Center ($88.7m), Childrens Physician Services of South Texas ($88.8m) and Rockcastle County Hospital Inc ($88.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (1.9% of expenses). Other salaries and wages came to $20.8m. At year end it held assets of $33.4m against liabilities of $10.5m, net assets of $22.8m. It reported 777 employees.