Satellite Healthcare Inc

Analysis

Satellite Healthcare Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in November 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Satellite Healthcare Inc reported income of $134.7m and spending of $278.8m, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $268.6m to $134.7m (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Satellite Healthcare Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Greater Delaware Valley Society of Transplant Surgeons ($134.5m), Range Regional Health Services ($134.7m) and Scott & White Hospital ($134.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 151% of the total. Compensation of current officers, directors and key employees was $3.5m (1.3% of expenses). Other salaries and wages came to $105.6m. At year end it held assets of $390.1m against liabilities of $156.1m, net assets of $234.1m. It reported 3,020 employees.