Ole Health

Analysis

Ole Health is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in August 1973, 53 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, Ole Health reported income of $60.6m and spending of $49.4m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.8m to $60.6m (+103%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ole Health sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Partners Cooperative Inc ($60.6m), Scheurer Hospital ($60.7m) and Valley-Wide Health Systems Inc ($60.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $2.3m (4.6% of expenses). Other salaries and wages came to $26.6m. At year end it held assets of $65.7m against liabilities of $13.2m, net assets of $52.5m. It reported 419 employees.