Excelth Inc

Analysis

Excelth Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Excelth Inc reported income of $11.4m and spending of $11.1m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $9.7m to $11.4m (+18%), an average of +5.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Excelth Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Kiamichi Family Medical Center Inc ($11.4m), High Plains Community Health Center Incorporated ($11.4m) and Swisher Memorial Healthcare System ($11.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 64% and program service revenue 34% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $579k. It reported 125 employees.