Southeast Volusia Healthcare Corporation

Analysis

Southeast Volusia Healthcare Corporation is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in April 1947, 79 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Southeast Volusia Healthcare Corporation reported income of $172.0m and spending of $170.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122.0m to $172.0m (+41%), an average of +9.0% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southeast Volusia Healthcare Corporation 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 Special Olympics Inc ($152.2m), Houston Livestock Show & Rodeo Inc ($192.2m) and United States Soccer Federation Inc ($149.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.2m (1.3% of expenses). Other salaries and wages came to $42.1m. At year end it held assets of $106.9m against liabilities of $40.8m, net assets of $66.0m. It reported 1,089 employees.