Optimus Health Care Inc

Analysis

Optimus Health Care Inc is a registered charity in United States, based in Stratford, CT. It received its IRS tax-exemption ruling in March 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, Optimus Health Care Inc reported income of $58.0m and spending of $56.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.0m to $58.0m (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Optimus Health Care Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Concern for Independent Living Inc ($57.9m), United Cerebral Palsy Association of Greater Suffolk Inc ($58.0m) and Trumerit ($57.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.4m (2.4% of expenses). Other salaries and wages came to $29.8m. At year end it held assets of $32.3m against liabilities of $13.4m, net assets of $18.9m. It reported 562 employees.