Tarpon Springs Hospital Foundation Inc

Analysis

Tarpon Springs Hospital Foundation Inc is a registered charity in United States, based in Tarpon SPGS, FL. It received its IRS tax-exemption ruling in May 1956, 70 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Tarpon Springs Hospital Foundation Inc reported income of $165.4m and spending of $173.3m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $123.9m to $165.4m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tarpon Springs Hospital Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Michigan Public Health Institute ($165.3m), Civista Medical Center Inc ($165.9m) and Mercy-Memorial Hospital Corporation ($164.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.9m (1.1% of expenses). Other salaries and wages came to $55.6m. At year end it held assets of $125.0m against liabilities of $119.6m, net assets of $5.3m. It reported 1,134 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.