Commonwealth Health Corporation Inc

Analysis

Commonwealth Health Corporation Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in February 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Commonwealth Health Corporation Inc reported income of $125.0m and spending of $123.9m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $108.9m to $125.0m (+15%), an average of +3.5% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonwealth Health Corporation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Saint Marys Hospital for Children Inc ($124.9m), Fulton County Health Center ($125.1m) and San Luis Valley Regional Medical Center ($124.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.0% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $3.1m (2.5% of expenses). Other salaries and wages came to $72.8m. At year end it held assets of $156.1m against liabilities of $45.6m, net assets of $110.4m. It reported 3,725 employees.