The Charles Lea Center Inc

Analysis

The Charles Lea Center Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Charles Lea Center Inc reported income of $33.6m and spending of $33.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.0m to $33.6m (+5.2%), an average of +1.3% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Charles Lea Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Clarksville Montgomery Countycommunity Health Foundation Inc ($33.6m), Mercy Harvard Hospital Inc ($33.6m) and Jennings Center for Older Adults ($33.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $694k (2.0% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $14.4m against liabilities of $2.8m, net assets of $11.6m. It reported 619 employees.