The Joseph L Morse Health Center Inc

Analysis

The Joseph L Morse Health Center Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 1982, 44 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 May 2023, The Joseph L Morse Health Center Inc reported income of $40.1m and spending of $43.2m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $43.5m to $40.1m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to May 2023, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Joseph L Morse Health Center 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 Marlette Regional Hospital ($40.1m), Nashville C a R E S Inc ($40.1m) and Russell County Kentucky Hospital District Health Facility Corp Inc ($40.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.3m (3.1% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $65.5m against liabilities of $44.8m, net assets of $20.7m. It reported 610 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.