Masada Home Care Inc

Analysis

Masada Home Care Inc is a registered charity in United States, based in North Miami, FL. It received its IRS tax-exemption ruling in August 1997, 29 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 June 2023, Masada Home Care Inc reported income of $9.7m and spending of $9.7m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.9m to $9.7m (+9.1%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Masada Home Care Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Columbus Foundation Inc ($9.7m), Nuway Recovery Foundation ($9.7m) and Boyer Childrens Clinic ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $118k (1.2% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $5.2m against liabilities of $627k, net assets of $4.5m. It reported 365 employees.