Health Care Corporation

Analysis

Health Care Corporation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Health Care Corporation reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.5m (-0.6%), an average of -0.2% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Health Care Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Atlanta Victim Assistance Inc ($1.5m), The Montgomery County Agricultural Society ($1.5m) and Caridad Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $28k (1.9% of expenses). Other salaries and wages came to $795k. At year end it held assets of $506k against liabilities of $350k, net assets of $156k. It reported 21 employees.