Saluscare Inc

Analysis

Saluscare Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in January 1972, 54 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, Saluscare Inc reported income of $32.6m and spending of $29.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.7m to $32.6m (+22%), an average of +5.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saluscare Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include University of Chicago Self Insurance Trust ($32.6m), Presbyterian Homes and Services ($32.6m) and Hacienda Community Development Corporation ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $938k (3.2% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $28.9m against liabilities of $9.4m, net assets of $19.6m. It reported 411 employees.