Cherokee Health Systems

Analysis

Cherokee Health Systems is a registered charity in United States, based in Talbott, TN. It received its IRS tax-exemption ruling in November 2013, 13 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 June 2023, Cherokee Health Systems reported income of $80.6m and spending of $67.9m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.8m to $80.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cherokee Health Systems sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Lifepath Hospice Inc ($80.6m), The Medical University of South Carolina Foundation ($80.6m) and Promedica Coldwater Regional Hospital ($80.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $1.1m (1.6% of expenses). Other salaries and wages came to $33.8m. At year end it held assets of $108.7m against liabilities of $24.4m, net assets of $84.4m. It reported 856 employees.