Hospital San Carlos Incorporado

Analysis

Hospital San Carlos Incorporado is a registered charity in United States, based in Moca, PR. It received its IRS tax-exemption ruling in July 1984, 42 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 December 2022, Hospital San Carlos Incorporado reported income of $24.0m and spending of $26.3m, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $23.8m to $24.0m (+1.1%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospital San Carlos Incorporado sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within PR. Charities of a similar size with the same main cause include Easter Seals New York Inc ($24.0m), Volunteers of America Inc ($24.0m) and Hoosier Care Inc ($24.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $521k (2.0% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $18.0m against liabilities of $5.7m, net assets of $12.3m. It reported 277 employees.