Centerplace Health Inc

Analysis

Centerplace Health Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Centerplace Health Inc reported income of $19.4m and spending of $17.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to April 2023, income grew from $8.1m to $19.4m (+141%), an average of +24% a year. The sharpest change came in the year to April 2021, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centerplace Health Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include United Cerebral Palsy of Greater Sacramento Inc ($19.4m), Jewish Home and Care Center Inc ($19.4m) and St Marys Warrick Hospital Inc ($19.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $557k (3.2% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $5.7m against liabilities of $1.0m, net assets of $4.6m. It reported 236 employees.