Regional Health Care Affiliates Inc

Analysis

Regional Health Care Affiliates Inc is a registered charity in United States, based in Providence, KY. It received its IRS tax-exemption ruling in July 2009, 17 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 February 2024, Regional Health Care Affiliates Inc reported income of $24.1m and spending of $22.1m, spending 92% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $14.3m to $24.1m (+68%), an average of +14% a year. The sharpest change came in the year to February 2022, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regional Health Care Affiliates Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Aid Atlanta Inc ($24.1m), Outreach Community Health Centers Inc ($24.1m) and Hemostasis and Thrombosis Center of Nevada ($24.1m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $814k (3.7% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $19.1m against liabilities of $2.1m, net assets of $17.0m. It reported 146 employees.