Caring Health Center Inc

Analysis

Caring Health Center Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in June 1978, 48 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, Caring Health Center Inc reported income of $43.5m and spending of $41.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.4m to $43.5m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 130%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caring Health Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Southcoast Visiting Nurse Association Inc ($43.4m), Phoenix Childrens Hospital Foundation ($43.5m) and Housing Works Health Services III Inc ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.3m (3.2% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $34.3m against liabilities of $12.4m, net assets of $21.9m. It reported 349 employees.