Variety Care Inc

Analysis

Variety Care Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1980, 46 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 June 2023, Variety Care Inc reported income of $92.6m and spending of $89.6m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $62.5m to $92.6m (+48%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Variety Care Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Corewell Health ($92.5m), Waynesboro Hospital ($92.7m) and Centerstone of Indiana Inc ($92.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $3.1m (3.4% of expenses). Other salaries and wages came to $44.3m. At year end it held assets of $77.6m against liabilities of $26.8m, net assets of $50.8m. It reported 945 employees.