Banyan Community Health Center Inc

Analysis

Banyan Community Health Center Inc is a registered charity in United States, based in Doral, FL. 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 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, Banyan Community Health Center Inc reported income of $43.7m and spending of $43.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.4m to $43.7m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Banyan Community Health Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Saint Elizabeths Hospital of Wabasha Inc ($43.7m), Gainesville Community Hospital Inc ($43.7m) and Krucial Rapid Response Inc ($43.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $2.2m (5.0% of expenses). Other salaries and wages came to $20.7m. It paid $230k in professional fundraising fees. At year end it held assets of $17.9m against liabilities of $9.6m, net assets of $8.3m. It reported 526 employees.