Plymouth Harbor Inc

Analysis

Plymouth Harbor Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 1964, 62 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Plymouth Harbor Inc reported income of $43.0m and spending of $40.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.7m to $43.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Plymouth Harbor Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Proctor Health Systems ($43.0m), California Pacific Medical Center Foundation ($43.0m) and Dccca Inc ($43.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.5m (3.8% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $150.5m against liabilities of $103.0m, net assets of $47.5m. It reported 477 employees.