Texas Health Virtual Care

Analysis

Texas Health Virtual Care is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in August 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 December 2023, Texas Health Virtual Care reported income of $1.9m and spending of $10.0m, spending 531% of what it took in. The sharpest change came in the year to December 2023, when income rose by 632%. Over the whole period it spent 710% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Health Virtual Care sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Hickok Center for Brain Injury Inc ($1.9m), Community Health Center of St Marys Healthcare & Nathan Littauer Hospi ($1.9m) and Visiting Nurse and Hospice Home Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $742k (7.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.7m against liabilities of $917k, net assets of $1.8m. It reported 70 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.