Flaget Healthcare Inc

Analysis

Flaget Healthcare Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Flaget Healthcare Inc reported income of $89.4m and spending of $85.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $75.9m to $89.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 19%. 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, Flaget Healthcare Inc sits at the 100th 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 99th percentile within AZ. Charities of a similar size with the same main cause include Maryland Food Bank Inc ($89.3m), St Lukes Medical Group ($89.4m) and International Childrens Fund Inc ($89.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Other salaries and wages came to $24.7m. At year end it held assets of $75.6m against liabilities of $13.2m, net assets of $62.4m. It reported 558 employees.