Costa Salud Community Health Centers Inc

Analysis

Costa Salud Community Health Centers Inc is a registered charity in United States, based in Rincon, PR. It received its IRS tax-exemption ruling in July 1993, 33 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 March 2023, Costa Salud Community Health Centers Inc reported income of $40.8m and spending of $36.8m, spending 90% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $23.6m to $40.8m (+73%), an average of +15% a year. The sharpest change came in the year to March 2020, when income dropped by 100%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Costa Salud Community Health Centers Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PR. Charities of a similar size with the same main cause include Meadows Mental Health Policy Institute for Texas ($40.8m), Horizon Health and Wellness Inc ($40.8m) and Ascension Via Christi Health Partners Inc ($40.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $843k (2.3% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $45.1m against liabilities of $5.5m, net assets of $39.6m. It reported 168 employees.