CL Healthcare Inc

Analysis

CL Healthcare Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, CL Healthcare Inc reported income of $329.0m and spending of $329.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $182.2m to $329.0m (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, CL Healthcare Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Trihealth Inc ($323.2m), Commonspirit Health Operating Investment Pool LLC ($367.7m) and Christian Broadcasting Network Inc ($300.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.2m (0.4% of expenses). Other salaries and wages came to $24.9m. At year end it held assets of $67.3m against liabilities of $67.3m, net assets of $0. It reported 229 employees.