Caring Hands Healthcare Centers Inc

Analysis

Caring Hands Healthcare Centers Inc is a registered charity in United States, based in McAlester, OK. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caring Hands Healthcare Centers Inc reported income of $17.1m and spending of $13.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $17.1m (+229%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caring Hands Healthcare Centers Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include Jefferson University Physicians of New Jersey PC ($17.1m), Superior Health Quality Alliance Inc ($17.1m) and Sanders Tri-Institutional Therapeut Discovery Institute Inc Co Weill C ($17.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $2.1m (15% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $11.7m against liabilities of $2.2m, net assets of $9.5m. It reported 133 employees.