Raphael Health Center Inc

Analysis

Raphael Health Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover health care, 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 December 2023, Raphael Health Center Inc reported income of $9.0m and spending of $8.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $9.0m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 27%. 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, Raphael Health Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include West Mont ($9.0m), Community Living Options ($9.0m) and Bandon Community Health Ctr ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $335k (4.1% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $8.8m against liabilities of $681k, net assets of $8.1m. It reported 90 employees.