Camuy Health Services Inc

Analysis

Camuy Health Services Inc is a registered charity in United States, based in Camuy, PR. It received its IRS tax-exemption ruling in September 1986, 40 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, Camuy Health Services Inc reported income of $40.3m and spending of $35.7m, spending 89% of its income. Across the 6 years on record, from January 2019 to January 2024, income grew from $20.2m to $40.3m (+100%), an average of +15% a year. The sharpest change came in the year to January 2023, when income rose by 28%. 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, Camuy Health Services 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 97th percentile within PR. Charities of a similar size with the same main cause include Ohio District 5 Area Agency on Aging Inc ($40.3m), Young Mens Christian Association of Greater Dayton ($40.3m) and Charles River Center Inc ($40.3m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $333k (0.9% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $37.6m against liabilities of $4.4m, net assets of $33.1m. It reported 290 employees.