Diversus Health Inc

Analysis

Diversus Health Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2006, 20 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 June 2023, Diversus Health Inc reported income of $43.6m and spending of $42.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $43.6m (+435%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 290%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Diversus Health Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Gateway Community Health Center Inc ($43.5m), Deer River Health Care Center Inc ($43.6m) and Phoenix Childrens Hospital Foundation ($43.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $756k (1.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $85.7m against liabilities of $4.4m, net assets of $81.3m. It reported 551 employees.