Space Coast Health Foundation Inc

Analysis

Space Coast Health Foundation Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in December 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Space Coast Health Foundation Inc reported income of $2.5m and spending of $7.4m, spending 302% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.9m to $2.5m (-79%), an average of -32% a year. The sharpest change came in the year to September 2021, when income rose by 209%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Space Coast Health Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Dragonfly Foundation ($2.5m), Global Healthcare Systems Inc ($2.5m) and General Care Services Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $303k (4.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $57.4m against liabilities of $3.0m, net assets of $54.4m. It reported 89 employees.