Health Choice Network of Florida Inc

Analysis

Health Choice Network of Florida Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in December 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Health Choice Network of Florida Inc reported income of $63.4m and spending of $59.6m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $32.2m to $63.4m (+97%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Choice Network of Florida Inc 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 FL. Charities of a similar size with the same main cause include Cameron Regional Medical Center Inc ($63.4m), Radiological Society of North America Inc ($63.5m) and Asante Physician Partners ($63.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $3.1m (5.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $58.8m against liabilities of $23.8m, net assets of $35.0m. It reported 83 employees.