Centerlight Healthcare Inc

Analysis

Centerlight Healthcare Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in May 1992, 34 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 December 2023, Centerlight Healthcare Inc reported income of $646.6m and spending of $600.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335.1m to $646.6m (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centerlight Healthcare Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include The Miriam Hospital ($646.4m), Childrens Hospital & Medical Center ($646.8m) and Childrens Hospital of the Kings Daughters Inc ($646.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.1m (0.7% of expenses). Other salaries and wages came to $59.7m. At year end it held assets of $205.9m against liabilities of $239.6m, net assets of -$33.7m. It reported 467 employees.