Centro de Salud Familiar Dr Julio Palmieri Ferri Inc

Analysis

Centro de Salud Familiar Dr Julio Palmieri Ferri Inc is a registered charity in United States, based in Arroyo, PR. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Centro de Salud Familiar Dr Julio Palmieri Ferri Inc reported income of $33.2m and spending of $30.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.9m to $33.2m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centro de Salud Familiar Dr Julio Palmieri Ferri 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 Cancer Centers of Southwest Oklahoma LLC ($33.2m), Isaiah House Inc ($33.4m) and Champion Ems ($33.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 69% of the total. Other salaries and wages came to $6.5m. At year end it held assets of $41.5m against liabilities of $3.6m, net assets of $37.9m. It reported 150 employees.