Santafe Healthcare Inc

Analysis

Santafe Healthcare Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in January 2004, 22 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 December 2023, Santafe Healthcare Inc reported income of $20.2m and spending of $27.0m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.7m to $20.2m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income rose by 173%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Santafe Healthcare Inc sits at the 89th 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 Mercy Hospital Berryville ($20.1m), Regional Center for Border Health Inc ($20.2m) and Escambia County Alabama Community Hospitals Inc ($20.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $13.1m (48% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $36.7m against liabilities of $31.0m, net assets of $5.7m. It reported 37 employees.