Texas Health Specialty Hospital Fort Worth

Analysis

Texas Health Specialty Hospital Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 1980, 46 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, Texas Health Specialty Hospital Fort Worth reported income of $11.8m and spending of $9.7m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $11.8m (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Health Specialty Hospital Fort Worth 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 97th percentile within TX. Charities of a similar size with the same main cause include Illinois Public Health Association ($11.8m), Goodwill Industries of Southeast Texas ($11.8m) and Yuma Private Industry Council Incorporated ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $243k (2.5% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $3.4m against liabilities of $435k, net assets of $3.0m. It reported 40 employees.