Health Systems Real Estate Inc

Analysis

Health Systems Real Estate Inc is a registered charity in United States, based in Gray, GA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Health Systems Real Estate Inc reported income of $14.1m and spending of $9.7m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.9m to $14.1m (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Systems Real Estate Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Bvm-Phs Senior Housing Inc ($14.1m), Rush Care Inc ($14.1m) and Hoosier Cancer Research Network Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $567k (5.8% of expenses). Other salaries and wages came to $839k. At year end it held assets of $150.5m against liabilities of $31.2m, net assets of $119.3m. It reported 19 employees.