McDowell Home Health Agency Inc

Analysis

McDowell Home Health Agency Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in October 1971, 55 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 September 2023, McDowell Home Health Agency Inc reported income of $2.1m and spending of $2.9m, spending 137% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.3m to $2.1m (-36%), an average of -10% a year. The sharpest change came in the year to September 2020, when income dropped by 20%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McDowell Home Health Agency Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include Anselm House ($2.1m), Girls Incorporated of Greater Santa Barbara ($2.1m) and Hope House Corporation ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $1.7m against liabilities of $8.9m, net assets of -$7.3m. It reported 38 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.