Caresouth Carolina Inc

Analysis

Caresouth Carolina Inc is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in March 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Caresouth Carolina Inc reported income of $67.5m and spending of $64.4m, spending 95% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $47.2m to $67.5m (+43%), an average of +9.3% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caresouth Carolina Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Providence Health Alliance Inc ($67.5m), Unc Rockingham Health Care Inc ($67.5m) and Coleman Professional Services Inc ($67.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 28% and program service revenue 30% of the total. Other salaries and wages came to $36.4m. At year end it held assets of $37.9m against liabilities of $15.0m, net assets of $22.8m. It reported 750 employees.