Continuing Care Hospital Inc

Analysis

Continuing Care Hospital 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, Continuing Care Hospital Inc reported income of $13.1m and spending of $12.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.7m to $13.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Continuing Care Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include United Way of Greenville County Incorporated ($13.1m), Apprenticeship & Training Trust Fund Ua Local 342 ($13.1m) and Nw3c Inc ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $446k (3.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $13.7m against liabilities of $5.4m, net assets of $8.3m. It reported 97 employees.