Hospital General de Castaner Inc

Analysis

Hospital General de Castaner Inc is a registered charity in United States, based in Castaner, PR. It received its IRS tax-exemption ruling in September 1993, 33 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 September 2023, Hospital General de Castaner Inc reported income of $34.0m and spending of $32.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.6m to $34.0m (+105%), an average of +20% a year. The sharpest change came in the year to September 2020, when income rose by 44%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospital General de Castaner Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within PR. Charities of a similar size with the same main cause include Saint Davids School ($34.0m), St Joseph of Pines Inc ($34.0m) and Whitefield Academy Inc ($34.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $12.1m. At year end it held assets of $38.8m against liabilities of $5.5m, net assets of $33.2m. It reported 200 employees.