Fetter Health Care Network Inc

Analysis

Fetter Health Care Network Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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 March 2024, Fetter Health Care Network Inc reported income of $22.5m and spending of $25.3m, spending 113% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $17.7m to $22.5m (+27%), an average of +4.9% a year. The sharpest change came in the year to March 2021, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fetter Health Care Network Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Adjoin ($22.4m), Goodwill Industries of San Joaquin Valley Inc ($22.5m) and Third Street Community Clinic Inc ($22.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $766k (3.0% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $15.0m against liabilities of $5.1m, net assets of $9.9m. It reported 229 employees.