Special Health Resources for Texas Incorporated

Analysis

Special Health Resources for Texas Incorporated is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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 December 2023, Special Health Resources for Texas Incorporated reported income of $39.0m and spending of $41.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.5m to $39.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Health Resources for Texas Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Chattanooga C a R E S Inc ($38.9m), Southeastern Michigan Health Association ($39.1m) and Volunteers of America Inc ($38.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $336k (0.8% of expenses). Other salaries and wages came to $16.3m. At year end it held assets of $15.6m against liabilities of $8.6m, net assets of $7.0m. It reported 355 employees.