Equitas Health Inc

Analysis

Equitas Health Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, Equitas Health Inc reported income of $73.3m and spending of $80.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.4m to $73.3m (+62%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Equitas Health Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Baylor Research Institute ($73.3m), Cornerstone Family Healthcare ($73.4m) and Owensboro Health Twin Lakes Regional Medical Center Inc ($73.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $2.3m (2.8% of expenses). Other salaries and wages came to $40.1m. At year end it held assets of $67.4m against liabilities of $29.3m, net assets of $38.1m. It reported 742 employees.