Health Care and Social Assistance ·NAICS 624

2026 data Public-data reference. IRS SOI · Census CBP · 2023 Healthy margin

Health Care and Social Assistance — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Health Care and Social Assistance (NAICS 624). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Health Care and Social Assistance (NAICS 624) operates at a 9.6% net profit margin, in line with the national median. The industry generates $139.4B in total annual receipts across all business entities filing federal tax returns. Census Bureau data identifies 199,242 business establishments employing 3,742,670 workers nationwide.

The average employee earns $33,470/yr in annual compensation, while the typical business in this industry generates $156.3M in revenue. Businesses average 18.8 employees per establishment. New York leads in employment concentration for this industry.

Benchmarking Insights for Health Care and Social Assistance

When you read the 9.6% net profit margin for Health Care and Social Assistance, the number only becomes actionable when paired with scale. This industry sits inside the broader Health Care and Social Assistance sector and reports $139.4B of aggregate annual receipts across 891,763 federal tax returns. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases, while the typical establishment here generates $156.3M per year. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.

Labor economics tell the second half of the story. Census CBP shows 199,242 active establishments employing 3,742,670 workers, averaging 18.8 employees per location and paying $33,470/yr per employee annually. New York leads the geographic distribution of employment, with California and Texas rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.

Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 8,664 loans worth $6.7 billion between FY2020 and FY2025, supporting 159,364 jobs at origination. The average ticket size — $768K — signals the typical capital gap operators bridge when expanding. The Huntington National Bank ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.

Profit Margin

9.6%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$139.4B

Annual revenue (IRS SOI)

Net Income

$13.4B

Pre-tax net income

Employment

3,742,670

Total employees (Census CBP)

Avg Payroll / Employee

$33,470/yr

Annual compensation

Establishments

199,242

Business locations

Where each dollar of revenue goes

Decomposition of every dollar of Health Care and Social Assistance receipts using IRS SOI 2023 aggregate ratios.

Workforce scale

Establishment-size distribution and per-establishment headcount based on Census Statistics of US Businesses (SUSB) typical strata.

Margin position vs national reference points

Health Care and Social Assistance net margin 32.1%
US median (10%)

Plotted against a 0–30% scale. The US business p25 / median / p75 reference points are 5% / 10% / 18% respectively (IRS SOI aggregate).

Business Structure Breakdown

How businesses in this industry are legally structured (IRS SOI)

C Corporation
70,108 returns 8%

Margin: 3.4% · Receipts: $114.3B

Sole Proprietorship
821,655 returns 92%

Margin: 38.1% · Receipts: $25.1B

Financial Detail

Total Tax Returns Filed
891,763
Total Deductions
N/A
Avg Receipts per Business
$156.3M
Annual Payroll (Total)
$125.3B
Avg Employees per Establishment
18.8

Sub-Industries

Industry Profit Margin
Health Care and Social Assistance

NAICS 6241

N/A
Health Care and Social Assistance

NAICS 6242

N/A
Health Care and Social Assistance

NAICS 6243

N/A
Health Care and Social Assistance

NAICS 6244

N/A

Top States by Employment

State Employment
New York 456,801
California 388,602
Texas 289,565
Pennsylvania 238,056
Illinois 184,338
Florida 144,522
Ohio 126,140
New Jersey 104,565
Massachusetts 102,064
Minnesota 101,619

Showing top 10 of 51 states

SBA Lending Activity

FY2020–2025

Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.

SBA Loans Approved

8,664

FY2020–2025

Total Loan Volume

$6.7B

7(a) + 504 programs

Avg Loan Size

$768K

Per approved loan

Jobs Supported

159,364

Reported at origination

Program Breakdown

7(a) Loans 7,083 loans (82%)
504 Loans 1,581 loans (18%)

Top SBA Lender

The Huntington National Bank

561 loans in this industry

New Business Share

37.1% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
980 loans
FY2021
1,289 loans
FY2022
1,203 loans
FY2023
1,375 loans
FY2024
1,682 loans
FY2025
1,855 loans
FY2026
280 loans

SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.

Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Health Care and Social Assistance?
The Health Care and Social Assistance industry (NAICS 624) reports total annual receipts of $139.4B across all business entities, based on IRS Statistics of Income data. The average revenue per business is $156.3M.
How profitable is Health Care and Social Assistance?
Health Care and Social Assistance has a net profit margin of 9.6%, which is in line with the national median. This is calculated as net income divided by total receipts from IRS SOI business tax statistics.
How many businesses are in Health Care and Social Assistance?
There are 199,242 business establishments in Health Care and Social Assistance (NAICS 624) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 3,742,670 workers.
What is the average payroll per employee in Health Care and Social Assistance?
The average annual payroll per employee in Health Care and Social Assistance is $33,470/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 18.8 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Health Care and Social Assistance employment?
New York leads in Health Care and Social Assistance employment with 456,801 workers. California (388,602) and Texas (289,565) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Health Care and Social Assistance receive?
Health Care and Social Assistance businesses received 8,664 SBA loans totaling $6.7 billion between FY2020 and FY2025. The average loan size was $768K. These loans supported 159,364 jobs at origination. Most lending (82%) came through the SBA 7(a) program.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 624 · Data year: 2023

Related

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

Source: U.S. Census Bureau — County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2025