Gothic HSP Corporation

Analysis

Gothic HSP Corporation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gothic HSP Corporation reported income of $451.9m and spending of $554.4m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $707.8m to $451.9m (-36%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 113%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gothic HSP Corporation 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 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Franciscan Medical Group ($449.7m), Corewell Health ($452.2m) and Tanner Medical Center Inc ($448.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.64bn against liabilities of $2.3m, net assets of $2.64bn.