McLeod Health Cheraw

Analysis

McLeod Health Cheraw is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in September 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, McLeod Health Cheraw reported income of $69.6m and spending of $67.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $39.5m to $69.6m (+76%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLeod Health Cheraw sits at the 94th 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 SC. Charities of a similar size with the same main cause include Perry County Health System ($69.5m), Garnet Health Doctors PC ($69.6m) and Joint Restoration Foundation Inc ($69.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $898k (1.3% of expenses). Other salaries and wages came to $22.2m. At year end it held assets of $27.3m against liabilities of $25.2m, net assets of $2.1m. It reported 495 employees.