Apella Health Management Inc

Analysis

Apella Health Management Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Apella Health Management Inc reported income of $405.0m and spending of $399.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $179.2m to $405.0m (+126%), an average of +23% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Apella Health Management Inc 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 SC. Charities of a similar size with the same main cause include The Cleveland Foundation ($370.4m), Raymond James Charitable Endowment Fund ($408.4m) and Dechomai Foundation Inc ($363.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5.3m (1.3% of expenses). Other salaries and wages came to $320.1m. At year end it held assets of $61.2m against liabilities of $31.1m, net assets of $30.0m. It reported 7,202 employees.