Thedacare Inc

Analysis

Thedacare Inc is a registered charity in United States, based in Neenah, WI. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thedacare Inc reported income of $365.6m and spending of $500.6m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $398.2m to $365.6m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thedacare Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Elkhart General Hospital Inc ($365.6m), Suburban Hospital Incorporated ($366.4m) and San Juan Regional Medical Center Inc ($364.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $5.6m (1.1% of expenses). Other salaries and wages came to $228.1m. At year end it held assets of $1.21bn against liabilities of $1.93bn, net assets of -$724.4m. It reported 7,315 employees.