Ocracoke Health Center Inc

Analysis

Ocracoke Health Center Inc is a registered charity in United States, based in Ocracoke, NC. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Ocracoke Health Center Inc reported income of $4.1m and spending of $4.4m, spending 109% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $2.4m to $4.1m (+69%), an average of +14% a year. The sharpest change came in the year to January 2022, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ocracoke Health Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Reid Health Ambulance Inc ($4.1m), Nami Santa Clara County ($4.1m) and Community Medical Clinic of Kershaw County ($4.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $512k (12% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.1m against liabilities of $624k, net assets of $3.5m. It reported 54 employees.