Corp Serv Med Prim Y Prev de Hatillo

Analysis

Corp Serv Med Prim Y Prev de Hatillo is a registered charity in United States, based in Hatillo, 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 January 2024, Corp Serv Med Prim Y Prev de Hatillo reported income of $63.8m and spending of $57.7m, spending 90% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $30.4m to $63.8m (+110%), an average of +20% a year. The sharpest change came in the year to January 2023, when income rose by 147%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corp Serv Med Prim Y Prev de Hatillo sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PR. Charities of a similar size with the same main cause include Hospice of Cincinnati Incorporated ($63.7m), Old Colony Elder Services Inc ($63.9m) and St Francis Hospital of the Hospital Sisters of the Third Order of St F ($63.6m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $11.2m (19% of expenses). At year end it held assets of $45.3m against liabilities of $2.5m, net assets of $42.8m. It reported 331 employees.