Empath Health Inc

Analysis

Empath Health Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Empath Health Inc reported income of $30.4m and spending of $32.0m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $37.0m to $30.4m (-18%), an average of -4.8% a year. The sharpest change came in the year to September 2023, when income dropped by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empath Health Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Brethren Hillcrest Homes ($30.4m), Lighthouse Youth Services Inc ($30.4m) and Umh Pa Corp ($30.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.3% and program service revenue 74% of the total. Other salaries and wages came to $10.9m. At year end it held assets of $148.2m against liabilities of $28.9m, net assets of $119.3m. It reported 1,568 employees.