Charles Drew Health Center Inc

Analysis

Charles Drew Health Center Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 1984, 42 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 August 2023, Charles Drew Health Center Inc reported income of $20.3m and spending of $20.3m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $15.3m to $20.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charles Drew Health Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include RHSC Inc ($20.3m), Aspirus Stanley Hospital & Clinics Inc ($20.3m) and Health Care Partners of South Carolina Inc ($20.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $796k (3.9% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $11.2m against liabilities of $3.7m, net assets of $7.5m. It reported 266 employees.