Careflite

Analysis

Careflite is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in October 1979, 47 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 September 2023, Careflite reported income of $76.9m and spending of $83.3m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $107.8m to $76.9m (-29%), an average of -8.1% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Careflite sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include St Vincent Fishers Hospital Inc ($76.8m), Empact-Suicide Prevention Center ($77.1m) and Creoks Mental Health Services ($76.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.4m (1.7% of expenses). Other salaries and wages came to $43.3m. At year end it held assets of $94.2m against liabilities of $30.9m, net assets of $63.3m. It reported 799 employees.