Community Health Systems Inc

Analysis

Community Health Systems Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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, Community Health Systems Inc reported income of $53.0m and spending of $44.0m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.1m to $53.0m (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Health Systems Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Community Action Committee of the Lehigh Valley Inc ($52.9m), Miriam Osborn Memorial Home Association ($53.0m) and San Diego Blood Bank ($52.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $919k (2.1% of expenses). Other salaries and wages came to $25.0m. At year end it held assets of $42.7m against liabilities of $25.0m, net assets of $17.7m. It reported 475 employees.