Suncoast Community Health Centers Inc

Analysis

Suncoast Community Health Centers Inc is a registered charity in United States, based in Ruskin, FL. It received its IRS tax-exemption ruling in November 1977, 49 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 March 2024, Suncoast Community Health Centers Inc reported income of $56.2m and spending of $54.6m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2024, income grew from $42.0m to $56.2m (+34%), an average of +7.5% a year. The sharpest change came in the year to March 2022, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suncoast Community Health Centers Inc sits at the 99th 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 99th percentile within FL. Charities of a similar size with the same main cause include LA Clinica Del Valle Family Health Care Center Inc ($56.1m), Imagine the Possibilities Inc ($56.2m) and Dave Thomas Foundation for Adoption ($56.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.7m (3.1% of expenses). Other salaries and wages came to $26.0m. At year end it held assets of $80.6m against liabilities of $20.1m, net assets of $60.4m. It reported 593 employees.