Servolution Health Services Inc

Analysis

Servolution Health Services Inc is a registered charity in United States, based in Speedwell, TN. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Servolution Health Services Inc reported income of $1.1m and spending of $1.1m, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $586k to $1.1m (+81%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Servolution Health Services Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include F C Cancer Foundation ($1.1m), Professional Assistance Program of New Jersey Inc ($1.1m) and Team Hashem Inc ($1.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $110k (9.7% of expenses). Other salaries and wages came to $645k. At year end it held assets of $489k against liabilities of $796k, net assets of -$307k. It reported 36 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.