Corporacion de Salud Asegurada Por Nuestra Organizacion Solidaria Inc

Analysis

Corporacion de Salud Asegurada Por Nuestra Organizacion Solidaria Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in April 2009, 17 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, Corporacion de Salud Asegurada Por Nuestra Organizacion Solidaria Inc reported income of $34.1m and spending of $32.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $34.1m (+104%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corporacion de Salud Asegurada Por Nuestra Organizacion Solidaria 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 Brownsville Community Development Corporation ($34.1m), Marshall Browning Hospital Association ($34.1m) and Home Aide Service of Eastern New York ($34.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $9.4m against liabilities of $1.9m, net assets of $7.4m. It reported 149 employees.