Heart of Florida Health Center Inc

Analysis

Heart of Florida Health Center Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in March 1992, 34 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 February 2023, Heart of Florida Health Center Inc reported income of $35.6m and spending of $34.3m, spending 96% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $12.7m to $35.6m (+181%), an average of +30% a year. The sharpest change came in the year to February 2021, when income rose by 72%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart of Florida 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 98th percentile within FL. Charities of a similar size with the same main cause include Rutland Mental Health Service Inc ($35.6m), Community Reach Center Inc ($35.7m) and Jane Pauley Community Health Center Inc ($35.6m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.3m (3.9% of expenses). Other salaries and wages came to $16.9m. At year end it held assets of $23.6m against liabilities of $8.9m, net assets of $14.7m. It reported 368 employees.