Central Florida Cares Health System Inc

Analysis

Central Florida Cares Health System Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Central Florida Cares Health System Inc reported income of $114.1m and spending of $113.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $81.7m to $114.1m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Florida Cares Health System 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Capital Area Food Bank ($113.9m), Hospice of the Florida Suncoast Inc ($114.1m) and Bronxworks Inc ($113.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $359k (0.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $26.9m against liabilities of $25.7m, net assets of $1.2m. It reported 23 employees.