Anc Healthcare Inc

Analysis

Anc Healthcare Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in March 1982, 44 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 September 2023, Anc Healthcare Inc reported income of $11.1m and spending of $4.8m, leaving 57% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $183.1m to $11.1m (-94%), an average of -50% a year. The sharpest change came in the year to September 2020, when income dropped by 91%. Over the whole period it spent 764% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anc Healthcare Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Mount Carmel Health System Foundation ($11.0m), Unlawful Narcotics Investigations Treatment and Education Inc ($11.1m) and The Alcoholic Rehabilitation Services of Hawaii Inc ($11.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 44% of the total. At year end it held assets of $115.8m against liabilities of $28.9m, net assets of $86.9m.