Iberia Comprehensive Community Health Center

Analysis

Iberia Comprehensive Community Health Center is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in June 1987, 39 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 May 2023, Iberia Comprehensive Community Health Center reported income of $34.4m and spending of $26.0m, leaving 24% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $23.5m to $34.4m (+46%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 18%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iberia Comprehensive Community Health Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Cornerstone Montgomery Inc ($34.4m), Pledger Charitable Ltd ($34.4m) and Paideia School Incorporated ($34.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 19% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $2.5m (9.6% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $56.8m against liabilities of $1.4m, net assets of $55.5m. It reported 197 employees.