Aldersgate Healthcare Inc

Analysis

Aldersgate Healthcare Inc is a registered charity in United States, based in Palmetto Bay, FL. It received its IRS tax-exemption ruling in September 2006, 20 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, Aldersgate Healthcare Inc reported income of $11.6m and spending of $11.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.9m to $11.6m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aldersgate Healthcare Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Comcare Inc ($11.6m), Community Health Systems Inc ($11.6m) and Visiting Nurse and Health Services ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $396k (3.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $7.6m against liabilities of $17k, net assets of $7.6m. It reported 254 employees.