Spectrum Medical Care Center

Analysis

Spectrum Medical Care Center is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2010, 16 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 December 2023, Spectrum Medical Care Center reported income of $23.5m and spending of $22.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $23.5m (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 144%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spectrum Medical Care Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Pine Medical Center ($23.4m), Hacienda Inc ($23.5m) and Chinese Progressive Association ($23.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $925k (4.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $16.2m against liabilities of $1.8m, net assets of $14.4m. It reported 58 employees.