Overview

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Est.

1988

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Health Scholarships Inc (EIN: 58-1805305) is a nonprofit organization dedicated to leasing and owning skilled care, intermediate care, and other healthcare-related facilities, with a mission to provide substantial community benefits through its integrated health care delivery system. With an operating budget of $315.7 million and total revenue of $328.4 million for the 2024 filing year, the organization relies heavily on a significant funder, which contributes $91 million, representing a substantial portion of its revenue. For more information, visit their website at www.ethicahealth.org.

Mission Statement

TO LEASE AND OWN SKILLED CARE, INTERMEDIATE CARE, AND OTHER HEALTHCARE RELATED FACILITIES; CONSISTENT WITH THE POLICIES PREVIOUSLY ADOPTED BY THE BOARD OF DIRECTORS OF CHSI. CHSI IS THE SECTION 509 (A)(3) SUPPORTING ORGANIZATION AND PARENT ENTITY OF THE INTEGRATED HEALTH CARE DELIVERY SYSTEM OF WHICH THE ORGANIZATION IS A MEMBER. THE IHDS PROVIDES SUBSTANTIAL COMMUNITY BENEFIT TO THE COMMUNITIES IT SERVES AND CONTINUES TO ASSESS AND DEVELOP PROGRAMS TO BENEFIT THE COMMUNITY.
Revenues
$328.4M
Expenses
$319M
Net Income:
+$9.4M
Assets
$77.6M
Liabilities
$39.1M
Net Assets:
+$38.5M
Operating Budget
$315.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$15.7M
Largest grant received
$15.7M
K
Kathryn Dennis
Board Member
R
Ralph Warnock
Board Member
K
Kimberly Sheffield
Board Member

Frequently Asked Questions

What is HEALTH SCHOLARSHIPS INC’s budget?
In 2024, HEALTH SCHOLARSHIPS INC reported an annual operating budget of around $315.7 million. More detailed financial information is available to registered users.
What causes does HEALTH SCHOLARSHIPS INC support?
HEALTH SCHOLARSHIPS INC supports work in Nursing homes and Scholarships & Financial Aid.
Where does HEALTH SCHOLARSHIPS INC operate?
HEALTH SCHOLARSHIPS INC is headquartered in GRAY, GA.
Who funded HEALTH SCHOLARSHIPS INC recently?
In 2024, HEALTH SCHOLARSHIPS INC received grants from COMMUNITY HEALTH SYSTEMS INC. More information on this organization’s funders is available to registered users.
What is the largest grant HEALTH SCHOLARSHIPS INC received in 2024?
The largest grant to HEALTH SCHOLARSHIPS INC in 2024 exceeds $15.7 million.
What is HEALTH SCHOLARSHIPS INC’s reliance on government grants?
HEALTH SCHOLARSHIPS INC relied on government grants for less than 5% of their total revenue in 2024.