Spectrum Health Care

Analysis

Spectrum Health Care is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2022, Spectrum Health Care reported income of $1.2m and spending of $1.9m, spending 157% of what it took in. Across the 5 years on record, from December 2017 to June 2022, income fell from $2.0m to $1.2m (-41%), an average of -12% a year. The sharpest change came in the year to June 2020, when income rose by 95%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spectrum Health Care sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Leflore County Youth Services Inc ($1.2m), Home Health Resources Inc ($1.2m) and Wisconsin Association of Free and Charitable Clinics Inc ($1.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $73k (3.9% of expenses). Other salaries and wages came to $351k. It paid $84k in professional fundraising fees. At year end it held assets of $466k against liabilities of $117k, net assets of $350k. It reported 18 employees.