Calvert Health System Inc

Analysis

Calvert Health System Inc is a registered charity in United States, based in PRNC Frederck, MD. 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Calvert Health System Inc reported income of $25.3m and spending of $26.6m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $25.3m (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Calvert Health System Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Heartspring Inc ($25.3m), Bethesda Healthcare Inc ($25.3m) and Home Health United Inc ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $5.4m (20% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $124.7m against liabilities of $3.8m, net assets of $120.9m. It reported 172 employees.