Clinical Health Network for Transformation Inc

Analysis

Clinical Health Network for Transformation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2020, 6 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clinical Health Network for Transformation Inc reported income of $32.6m and spending of $40.0m, spending 123% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $32.4m to $32.6m (+0.5%), an average of +0.3% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clinical Health Network for Transformation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Spooner Health System Inc ($32.5m), Roanoke Chowan Community Health Center Inc ($32.6m) and Baker County Medical Services Inc ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $670k (1.7% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $9.5m against liabilities of $23.8m, net assets of -$14.4m. It reported 277 employees.