Frederiksted Health Care Inc

Analysis

Frederiksted Health Care Inc is a registered charity in United States, based in Frederiksted, VI. It received its IRS tax-exemption ruling in March 2001, 25 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 December 2023, Frederiksted Health Care Inc reported income of $20.8m and spending of $24.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.2m to $20.8m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Frederiksted Health Care Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 99th percentile within VI. Charities of a similar size with the same main cause include Serenity Lane ($20.8m), Dimensions Healthcare Associates ($20.8m) and Central Florida Kidney Centers Inc ($20.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $748k (3.1% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $22.6m against liabilities of $2.0m, net assets of $20.6m. It reported 188 employees.