Midway Specialty Care Center Inc

Analysis

Midway Specialty Care Center Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in September 2013, 13 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 2022, Midway Specialty Care Center Inc reported income of $82.5m and spending of $81.0m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $48.7m to $82.5m (+70%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Midway Specialty Care Center Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Ucare Foundation ($82.5m), Victor Community Support Services Inc ($82.7m) and Benaroya Research Institute at Virginia Mason ($82.5m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.6m (2.0% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $40.4m against liabilities of $680k, net assets of $39.7m. It reported 164 employees.