Towers Home Care and Rehabilitation Services Inc

Analysis

Towers Home Care and Rehabilitation Services Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Towers Home Care and Rehabilitation Services Inc reported income of $6.6m and spending of $6.5m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $9.2m to $6.6m (-29%), an average of -11% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Towers Home Care and Rehabilitation Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include The New York City Center for Charter School Excellence ($6.6m), Summit View School ($6.6m) and Shepherds Ministries Inc ($6.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $3.2m against liabilities of $488k, net assets of $2.7m. It reported 135 employees.