Catholic Health Services Inc

Analysis

Catholic Health Services Inc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, Catholic Health Services Inc reported income of $19.8m and spending of $21.6m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.2m to $19.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to September 2020, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Health Services Inc sits at the 97th percentile: it is larger than about 97% 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 Evans Park Inc ($19.8m), United Methodist Western Kansas Mexican-American Ministries Inc ($19.9m) and Greek American Rehabilitation and Care Centre Inc ($19.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $11.3m. At year end it held assets of $51.1m against liabilities of $7.3m, net assets of $43.8m. It reported 165 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.