Cambridge Health Alliance Foundation Inc

Analysis

Cambridge Health Alliance Foundation Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cambridge Health Alliance Foundation Inc reported income of $3.3m and spending of $1.1m, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.3m (+90%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cambridge Health Alliance Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include St Johns Penfield Homes Corporation ($3.3m), Valatie Volunteer Rescue Squad Inc ($3.3m) and Brain Injury Services Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $297k. At year end it held assets of $7.6m against liabilities of $220k, net assets of $7.4m.