Cottage Health

Analysis

Cottage Health is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Cottage Health reported income of $265.7m and spending of $273.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $152.8m to $265.7m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cottage Health sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Mercy Health East Communities ($248.9m), Christian Broadcasting Network Inc ($300.1m) and Gospel Light Mennonite Church Medical Aid Plan Inc ($196.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $11.4m (4.2% of expenses). Other salaries and wages came to $73.2m. At year end it held assets of $177.9m against liabilities of $180.5m, net assets of -$2.6m. It reported 978 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.