Southeast Volusia Healthcare Corporation
401 Palmetto St, New Smyrna, FL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $214,869,999 | $184,525,793 | $95,888,447 |
| FY2023 | $172,030,119 | $170,084,736 | $66,036,188 |
| FY2022 | $155,038,817 | $162,597,267 | $64,337,224 |
| FY2021 | $147,752,407 | $152,646,319 | $64,490,090 |
| FY2020 | $129,261,378 | $135,104,119 | $69,560,048 |
| FY2019 | $122,034,410 | $122,564,319 | $65,590,618 |
| FY2018 | $112,662,607 | $115,481,161 | $67,808,162 |
| FY2017 | $103,626,798 | $108,480,058 | $63,136,517 |
| FY2016 | $66,452,547 | $72,217,095 | $45,227,814 |
Form 990 filings
The returns filed by Southeast Volusia Healthcare Corporation (EIN 47-3793197), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $4,200,205 | 2% |
| Program service revenue | $209,676,936 | 98% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $170,918,691 | 93% |
| Management & general | $13,607,102 | 7% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 98% of total revenue in FY2024.
- Program services accounted for 93% of functional expenses, management & general 7%, and fundraising 0%.
- 93% of functional expenses went to program services in FY2024. That is higher than 80.2% of 222 Recreation & Sports organizations nationwide (too few in FL for a state comparison).
- Net assets covered about 6.2 months of expenses at the end of the reporting year. That puts it in the 46th percentile among 1217 Recreation & Sports organizations in FL.
- Total revenue was the highest among 1242 Recreation & Sports organizations in FL.
- Total revenue rose from $66,452,547 in FY2016 to $214,869,999 in FY2024. Revenue increased in 8 and decreased in 0 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 9 reported years (FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022).
- Net assets grew from $45,227,814 to $95,888,447 between FY2016 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
The provision of medical care to the community served through the operation of a 109 bed hospital.
IRS status
| Ruling year | 1947 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | N22 — Recreation & Sports (in FL) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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