Health First Shared Services Inc

Analysis

Health First Shared Services Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in January 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Health First Shared Services Inc reported income of $388.9m and spending of $358.1m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $279.4m to $388.9m (+39%), an average of +8.6% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health First Shared Services Inc sits at the 98th percentile: it is larger than about 98% 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 Orlando Health Central Inc ($388.9m), Episcopal Health Services Inc ($389.9m) and Vail Clinic Inc ($388.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $7.6m (2.1% of expenses). Other salaries and wages came to $95.3m. At year end it held assets of $1.82bn against liabilities of $464.5m, net assets of $1.35bn. It reported 11,392 employees.