Big Sandy Health Care Inc

Analysis

Big Sandy Health Care Inc is a registered charity in United States, based in Prestonsburg, KY. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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 January 2024, Big Sandy Health Care Inc reported income of $51.7m and spending of $43.0m, spending 83% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $29.1m to $51.7m (+78%), an average of +16% a year. The sharpest change came in the year to January 2022, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Sandy Health Care Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Network Recovery Services Inc ($51.7m), Hope Haven Incorporated ($51.9m) and Hospice by the Sea Inc ($51.6m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $461k (1.1% of expenses). Other salaries and wages came to $23.8m. At year end it held assets of $40.0m against liabilities of $4.8m, net assets of $35.2m. It reported 420 employees.