Medical Home Plus Inc

Analysis

Medical Home Plus Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Medical Home Plus Inc reported income of $587k and spending of $647k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $452k to $587k (+30%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Medical Home Plus Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Cottage of Bartlesville Inc a Non-Profit Corporation ($587k), Dog Tag Buddies ($587k) and North Augusta Forward ($587k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $84k (13% of expenses). Other salaries and wages came to $400k. At year end it held assets of $214k against liabilities of $550, net assets of $213k. It reported 16 employees.