Morovis Community Health Center Inc

Analysis

Morovis Community Health Center Inc is a registered charity in United States, based in Morovis, PR. It received its IRS tax-exemption ruling in October 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 January 2024, Morovis Community Health Center Inc reported income of $32.4m and spending of $30.8m, spending 95% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $16.8m to $32.4m (+93%), an average of +18% a year. The sharpest change came in the year to January 2022, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morovis Community Health Center Inc sits at the 91st percentile: it is larger than about 91% 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 Texas Health Urgent Care ($32.4m), Southcoast Health System Inc ($32.4m) and Floating Hospital Inc ($32.4m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $6.2m. At year end it held assets of $16.2m against liabilities of $1.9m, net assets of $14.3m. It reported 175 employees.