Adelante Healthcare Inc

Analysis

Adelante Healthcare Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1980, 46 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 December 2023, Adelante Healthcare Inc reported income of $118.9m and spending of $119.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $69.5m to $118.9m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adelante Healthcare Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Hospital Menonita Caguas Inc ($118.9m), Langlade Hospital-Hotel Dieu of St Joseph of Antigo Wisconsin ($118.9m) and Ehs Inc ($118.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.6m (1.4% of expenses). Other salaries and wages came to $56.2m. At year end it held assets of $94.8m against liabilities of $72.7m, net assets of $22.2m. It reported 1,108 employees.