Stratum Health System Inc

Analysis

Stratum Health System Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Stratum Health System Inc reported income of $34.7m and spending of $39.3m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.2m to $34.7m (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2020, when income rose by 76%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stratum Health System Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Good Shepherd Hospice Inc ($34.7m), Epic Long Island Inc ($34.7m) and Lumira Healthcare ($34.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. At year end it held assets of $136.5m against liabilities of $8.8m, net assets of $127.7m. It reported 736 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.