Adventhealth Palm Coast Parkway Inc

Analysis

Adventhealth Palm Coast Parkway Inc is a registered charity in United States, based in Palm Coast, FL. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adventhealth Palm Coast Parkway Inc reported income of $38.1m and spending of $55.3m, spending 145% of what it took in. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adventhealth Palm Coast Parkway Inc sits at the 99th percentile: it is larger than about 99% 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 Scheck Hillel Community School Inc ($38.0m), Palmer Trinity Private School Inc ($38.3m) and Clarkson College ($38.0m).

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 $2.1m (3.8% of expenses). At year end it held assets of $177.6m against liabilities of $196.1m, net assets of -$18.5m.