Staywell Health Care Inc

Analysis

Staywell Health Care Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Staywell Health Care Inc reported income of $38.1m and spending of $35.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.1m to $38.1m (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Staywell Health Care Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Desoto Hospital Association ($38.1m), Heartland Health System Inc ($38.1m) and Elliot Physicians Network Inc ($38.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $1.7m (4.8% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $20.5m against liabilities of $4.9m, net assets of $15.6m. It reported 309 employees.