Cooperative Healthcare Services Inc

Analysis

Cooperative Healthcare Services Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Cooperative Healthcare Services Inc reported income of $79.7m and spending of $117.1m, spending 147% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $65.2m to $79.7m (+22%), an average of +5.1% a year. Over the whole period it spent 151% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cooperative Healthcare Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Chvi Professional Corporation ($79.7m), Powell Valley Health Care Inc ($79.7m) and Southwest Health System Inc ($79.6m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $84.2m. At year end it held assets of $13.9m against liabilities of $30.4m, net assets of -$16.5m. It reported 573 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.