Central Arkansas Radiation Therapy Institute Inc

Analysis

Central Arkansas Radiation Therapy Institute Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Central Arkansas Radiation Therapy Institute Inc reported income of $393.0m and spending of $391.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $725.0m to $393.0m (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 67%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Arkansas Radiation Therapy Institute Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AR. Charities of a similar size with the same main cause include Childrens Hospital Pediatric Associates Inc ($392.5m), Montefiore Health System Inc ($393.4m) and McLaren Macomb ($392.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $3.4m (0.9% of expenses). Other salaries and wages came to $82.7m. At year end it held assets of $365.4m against liabilities of $238.4m, net assets of $127.0m. It reported 1,051 employees.