Gaston Family Health Services Inc

Analysis

Gaston Family Health Services Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in October 1991, 35 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gaston Family Health Services Inc reported income of $118.0m and spending of $111.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $45.9m to $118.0m (+157%), an average of +27% a year. The sharpest change came in the year to September 2020, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaston Family Health Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include New York Medical College ($117.9m), Mercy Hospital Ada Inc ($118.2m) and Lesley University ($117.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $3.8m (3.4% of expenses). Other salaries and wages came to $43.6m. At year end it held assets of $75.6m against liabilities of $32.3m, net assets of $43.2m. It reported 1,192 employees.