Springvale Health Centers Inc

Analysis

Springvale Health Centers Inc is a registered charity in United States, based in Dover, OH. It received its IRS tax-exemption ruling in January 1975, 51 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, Springvale Health Centers Inc reported income of $10.3m and spending of $9.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $10.3m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Springvale Health Centers Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Hudson Headwaters Supporting Corp ($10.3m), Great Plains of Ottawa Co Inc ($10.3m) and Community West Foundation ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $293k (3.2% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.7m against liabilities of $1.2m, net assets of $5.4m. It reported 125 employees.