Advent Home Care Alliance Inc

Analysis

Advent Home Care Alliance Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in June 2019, 7 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 June 2023, Advent Home Care Alliance Inc reported income of $95k and spending of $180k, spending 188% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $240k to $95k (-60%), an average of -37% a year. The sharpest change came in the year to June 2022, when income dropped by 46%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advent Home Care Alliance Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($95k), Kinship of Morrison County Inc ($95k) and Caribbean American Center of Ny Inc ($95k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $53k (29% of expenses). Other salaries and wages came to $62k. At year end it held assets of $6,201 against liabilities of $129k, net assets of -$123k. It reported 2 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.