McLeod Health Clarendon

Analysis

McLeod Health Clarendon is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, McLeod Health Clarendon reported income of $72.0m and spending of $71.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $41.2m to $72.0m (+75%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLeod Health Clarendon 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 SC. Charities of a similar size with the same main cause include Saint Lukes Health System Home Care and Hospice ($71.9m), Medical Foundation of Central Mississippi Inc ($72.0m) and The Jewish Home for the Elderly of Fairfield County Inc ($71.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $935k (1.3% of expenses). Other salaries and wages came to $23.9m. At year end it held assets of $43.4m against liabilities of $61.1m, net assets of -$17.7m. It reported 505 employees.