Shore Health Services Inc

Analysis

Shore Health Services Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shore Health Services Inc reported income of $108.4m and spending of $99.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82.2m to $108.4m (+32%), an average of +7.2% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shore Health Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include American Society of Hematology Inc ($108.3m), Geneva General Hospital ($108.5m) and Logan Health - Whitefish ($108.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $222k (0.2% of expenses). Other salaries and wages came to $30.9m. At year end it held assets of $75.1m against liabilities of $10.4m, net assets of $64.7m. It reported 497 employees.