Christus Spohn Health System Development Foundation

Analysis

Christus Spohn Health System Development Foundation is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in February 1977, 49 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, Christus Spohn Health System Development Foundation reported income of $5.7m and spending of $1.9m, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $5.7m (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Christus Spohn Health System Development Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Intecare Inc ($5.7m), Chesapeake Care Resources Inc ($5.7m) and Carepoint Health Foundation Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $172k. At year end it held assets of $33.0m against liabilities of $743k, net assets of $32.3m.