Titusville Health Services Inc

Analysis

Titusville Health Services Inc is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in March 2002, 24 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 June 2023, Titusville Health Services Inc reported income of $247k and spending of $595k, spending 241% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $247k (-87%), an average of -40% a year. The sharpest change came in the year to June 2020, when income dropped by 79%. Over the whole period it spent 150% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Titusville Health Services Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Mni Wichoni Health Circle ($247k), Power Access Inc ($247k) and Team Mathias ($247k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 118% of the total. Other salaries and wages came to $84k. At year end it held assets of $764k against liabilities of $1.1m, net assets of -$322k. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.