Breckinridge Health Inc

Analysis

Breckinridge Health Inc is a registered charity in United States, based in Hardinsburg, KY. It received its IRS tax-exemption ruling in April 1949, 77 years ago. Its declared purposes cover health care, 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 December 2022, Breckinridge Health Inc reported income of $29.0m and spending of $27.9m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $23.2m to $29.0m (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. 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, Breckinridge Health Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Lenape Valley Foundation ($29.0m), Partners in Care Foundation Inc ($29.0m) and Healthpoint Family Care Inc ($29.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.3% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $371k (1.3% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $18.6m against liabilities of $11.1m, net assets of $7.5m. It reported 356 employees.