Citrus Health Network Inc

Analysis

Citrus Health Network Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in April 1980, 46 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, Citrus Health Network Inc reported income of $228.8m and spending of $228.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $72.6m to $228.8m (+215%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 150%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Citrus Health Network Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Veteran Tickets Foundation ($228.7m), New York Independent System Operator Inc ($230.4m) and Lipscomb University ($228.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $3.1m (1.4% of expenses). Other salaries and wages came to $74.3m. At year end it held assets of $43.7m against liabilities of $19.5m, net assets of $24.2m. It reported 1,484 employees.