Florida Hospital Healthcare Partners Inc

Analysis

Florida Hospital Healthcare Partners Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florida Hospital Healthcare Partners Inc reported income of $255.7m and spending of $256.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $148.5m to $255.7m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Hospital Healthcare Partners 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 FL. Charities of a similar size with the same main cause include Western University of Health Sciences ($253.3m), Trinity Health System ($255.8m) and Consumer Reports Inc ($249.7m).

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 $2.1m (0.8% of expenses). Other salaries and wages came to $176.3m. At year end it held assets of $32.4m against liabilities of $33.6m, net assets of -$1.2m. It reported 1,619 employees.