Siloam Health

Analysis

Siloam Health is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 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 June 2023, Siloam Health reported income of $6.5m and spending of $7.5m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.9m to $6.5m (-18%), an average of -6.5% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Siloam Health sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Iowa Health Care Association Foundation ($6.5m), Misericordia Convalescent Home ($6.5m) and Southern Tier AIDS Program Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $759k (10% of expenses). Other salaries and wages came to $3.5m. It paid $28k in professional fundraising fees. At year end it held assets of $10.7m against liabilities of $489k, net assets of $10.2m. It reported 83 employees.