Southeast Community Health Systems

Analysis

Southeast Community Health Systems is a registered charity in United States, based in Zachary, LA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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 December 2023, Southeast Community Health Systems reported income of $12.5m and spending of $12.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $12.5m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Community Health Systems sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Golden Apple Foundation for Excellence in Teaching ($12.5m), Earthworks ($12.5m) and North Central Behavioral Health Systems Inc ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $769k (6.1% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $12.6m against liabilities of $3.3m, net assets of $9.3m. It reported 154 employees.