Specialized Health Services Inc

Analysis

Specialized Health Services Inc is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Specialized Health Services Inc reported income of $2.2m and spending of $1.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Specialized Health Services Inc 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 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Council of Family and Child Caring Agencies Inc ($2.2m), Young Womens Christian Association Northeast TN and Southwest Virgin ($2.2m) and Jefferson Area Board for Aging Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $170k (10% of expenses). Other salaries and wages came to $955k. At year end it held assets of $2.8m against liabilities of $323k, net assets of $2.5m. It reported 29 employees.