Kissito Healthcare Inc

Analysis

Kissito Healthcare Inc is a registered charity in United States, based in Cloverdale, VA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. 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 2022, Kissito Healthcare Inc reported income of $3.5m and spending of $3.5m, spending 99% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $2.2m to $3.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2019, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kissito Healthcare Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Access Care of Coastal Texas Inc ($3.5m), Golden Valley Memorial Hospital Foundation Inc ($3.5m) and Young Mens Christian Association Lima ($3.5m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $251k (7.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $32.9m against liabilities of $17.7m, net assets of $15.2m. It reported 51 employees.