S O S Health Care Inc

Analysis

S O S Health Care Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in July 1990, 36 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 October 2023, S O S Health Care Inc reported income of $4.0m and spending of $2.9m, leaving 28% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.2m to $4.0m (+84%), an average of +16% a year. The sharpest change came in the year to October 2022, when income rose by 51%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, S O S Health Care Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include United Way of Graham County ($4.0m), Hospice of North Ottawa Community Inc ($4.0m) and Graduate School of Banking Inc ($4.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 36% and program service revenue 54% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $12.4m against liabilities of $8.1m, net assets of $4.3m. It reported 98 employees.