Sturdy Health Inc

Analysis

Sturdy Health Inc is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 September 2023, Sturdy Health Inc reported income of $79.5m and spending of $81.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $63.1m to $79.5m (+26%), an average of +6.0% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sturdy Health Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Lifebanc ($79.3m), Davidson Transit Organization ($79.6m) and United Church Insurance Association ($79.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $50.8m. At year end it held assets of $16.5m against liabilities of $10.4m, net assets of $6.1m. It reported 588 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.