Southlight Healthcare

Analysis

Southlight Healthcare is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Southlight Healthcare reported income of $14.8m and spending of $14.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $14.8m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southlight Healthcare sits at the 87th percentile: it is larger than about 86% 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 Families of Sma ($14.8m), San Fernando Community Hospital ($14.8m) and Aaron E Henry Community Health ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $850k (5.8% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $5.4m against liabilities of $2.1m, net assets of $3.3m. It reported 218 employees.