Southwest Volusia Healthcare Corporation

Analysis

Southwest Volusia Healthcare Corporation is a registered charity in United States, based in Orange City, FL. It received its IRS tax-exemption ruling in November 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Volusia Healthcare Corporation reported income of $277.8m and spending of $252.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $192.0m to $277.8m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southwest Volusia Healthcare Corporation 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Southcoast Physicians Group Inc ($277.4m), Providence Saint Johns Medical Foundation ($277.8m) and Beloit Health System Inc ($277.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.5m (1.0% of expenses). Other salaries and wages came to $60.6m. At year end it held assets of $307.6m against liabilities of $82.2m, net assets of $225.3m. It reported 1,560 employees.