Signature Health Inc

Analysis

Signature Health Inc is a registered charity in United States, based in Kirtland, OH. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Signature Health Inc reported income of $100.1m and spending of $96.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $63.8m to $100.1m (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Signature Health Inc sits at the 95th percentile: it is larger than about 95% 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 Chenango Memorial Hospital Inc ($100.1m), Cornell Scott Hill Health Corporation ($100.1m) and Greater Oregon Behavioral Health Inc ($100.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $2.0m (2.1% of expenses). Other salaries and wages came to $59.3m. At year end it held assets of $72.2m against liabilities of $28.1m, net assets of $44.2m. It reported 1,291 employees.