North Florida Medical Centers Inc

Analysis

North Florida Medical Centers Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in July 1979, 47 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 March 2024, North Florida Medical Centers Inc reported income of $18.5m and spending of $23.4m, spending 126% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $15.3m to $18.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to March 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Florida Medical Centers Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Indiana Health Information Exchange Inc ($18.5m), Kent County Visiting Nurse Association ($18.5m) and Henry C Nevins Home Inc ($18.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 47% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $729k (3.1% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $26.8m against liabilities of $9.8m, net assets of $17.0m. It reported 235 employees.