Hendrick Anethesia Network

Analysis

Hendrick Anethesia Network is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hendrick Anethesia Network reported income of $14.6m and spending of $28.7m, spending 196% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.3m to $14.6m (+58%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 79%. Over the whole period it spent 188% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hendrick Anethesia Network sits at the 86th percentile: it is larger than about 86% 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 Falls Community Hospital and Clinic ($14.6m), West View Manor Inc ($14.6m) and United Ability Inc ($14.6m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $7.8m (27% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $1.1m against liabilities of $2.3m, net assets of -$1.2m. It reported 49 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.