Space Coast Health Centers Inc

Analysis

Space Coast Health Centers Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Space Coast Health Centers Inc reported income of $1.4m and spending of $2.6m, spending 189% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $1.3m to $1.4m (+8.6%), an average of +4.2% a year. Over the whole period it spent 158% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Space Coast Health Centers Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Missouri Rural Health Association ($1.4m), Venice 2000 ($1.4m) and East Pennsboro Ambulance Service Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $216k (8.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $598k against liabilities of $2.9m, net assets of -$2.3m. It reported 5 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.