Covid Safe at Home Inc

Analysis

Covid Safe at Home Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2020, 6 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 March 2023, Covid Safe at Home Inc reported income of $300k and spending of $243k, spending 81% of its income. Across the 2 years on record, from December 2021 to March 2023, income grew from $108k to $300k (+178%), an average of +178% a year. The sharpest change came in the year to March 2023, when income rose by 178%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covid Safe at Home Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Pioneer Medical Group Clinic Foundation Inc ($300k), Community Drug Coalition of Lea County ($300k) and St Petersburg Pregnancy Center Inc ($300k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,500. At year end it held assets of $80k against liabilities of $11k, net assets of $69k.