Unity Health - Newport

Analysis

Unity Health - Newport is a registered charity in United States, based in Searcy, AR. It received its IRS tax-exemption ruling in July 2022, 4 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, Unity Health - Newport reported income of $9.5m and spending of $25.9m, spending 273% of what it took in. Across the 2 years on record, from December 2022 to September 2023, income fell from $50.5m to $9.5m (-81%), an average of -81% a year. The sharpest change came in the year to September 2023, when income dropped by 81%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Unity Health - Newport sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AR. Charities of a similar size with the same main cause include Capital Region Health Ventures Corporation ($9.5m), Aspire Developmental Services Inc ($9.5m) and Sacred Heart Rehabilitation Institute Inc ($9.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Other salaries and wages came to $11.7m. At year end it held assets of $233.5m against liabilities of $221.3m, net assets of $12.2m. It reported 359 employees.