Catholic Health System Inc

Analysis

Catholic Health System Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Catholic Health System Inc reported income of $198.1m and spending of $198.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $181.1m to $198.1m (+9.4%), an average of +2.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Health System Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Carleton University Retirement Plan S1s 5b6 ($196.6m), Howard Brown Health Center ($201.2m) and Gleaners Food Bank of Indiana Inc ($187.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $10.6m (5.4% of expenses). Other salaries and wages came to $83.9m. At year end it held assets of $578.8m against liabilities of $438.7m, net assets of $140.2m. It reported 1,862 employees.