Caron of Florida Inc

Analysis

Caron of Florida Inc is a registered charity in United States, based in Wernersville, PA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Caron of Florida Inc reported income of $36.6m and spending of $35.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.6m to $36.6m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caron of Florida 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 98th percentile within PA. Charities of a similar size with the same main cause include Brookville Hospital ($36.6m), Travis Association for the Blind ($36.6m) and Swedish Medical Center Foundation ($36.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $904k (2.6% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $94.0m against liabilities of $54.5m, net assets of $39.4m. It reported 155 employees.