Canterbury Health Care Inc

Analysis

Canterbury Health Care Inc is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Canterbury Health Care Inc reported income of $21.4m and spending of $25.9m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.1m to $21.4m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canterbury Health Care Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Tri-County Community Action Program Incorporated ($21.3m), Progressive Directions Inc ($21.4m) and Sourcewise ($21.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 90% of the total. Other salaries and wages came to $10.7m. At year end it held assets of $25.2m against liabilities of $37.2m, net assets of -$12.0m. It reported 201 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.