Regenesis Organization Community Health Center

Analysis

Regenesis Organization Community Health Center is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in September 2001, 25 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 June 2023, Regenesis Organization Community Health Center reported income of $26.2m and spending of $26.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $14.5m to $26.2m (+80%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regenesis Organization Community Health Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include North Carolina Agricultural Foundation Inc ($26.2m), National Network of Public Health Institutes ($26.2m) and St Josephs Health Care Center Inc ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $714k (2.8% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $16.6m against liabilities of $7.3m, net assets of $9.4m. It reported 229 employees.