Lifecare Family Health and Dental Center Inc

Analysis

Lifecare Family Health and Dental Center Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 December 2023, Lifecare Family Health and Dental Center Inc reported income of $14.2m and spending of $13.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $14.2m (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifecare Family Health and Dental Center Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Mattapan Community Health Center Inc ($14.2m), Iowa PBS Foundation ($14.2m) and Dominican Oaks Corporation ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $361k (2.8% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $9.9m against liabilities of $1.9m, net assets of $8.0m. It reported 130 employees.