Hot Springs Health Program Inc

Analysis

Hot Springs Health Program Inc is a registered charity in United States, based in Marshall, NC. It received its IRS tax-exemption ruling in December 1971, 55 years ago. 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 April 2023, Hot Springs Health Program Inc reported income of $14.7m and spending of $13.4m, spending 91% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $11.9m to $14.7m (+24%), an average of +5.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hot Springs Health Program Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Detroit Health Care for the Homeless ($14.7m), Instituto Familiar de LA Raza ($14.7m) and Lifequest Nursing Center ($14.7m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $528k (4.0% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $10.8m against liabilities of $4.1m, net assets of $6.7m. It reported 147 employees.