Pittsburgh Regional Healthcare Initiative

Analysis

Pittsburgh Regional Healthcare Initiative is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, Pittsburgh Regional Healthcare Initiative reported income of $439k and spending of $433k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $439k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pittsburgh Regional Healthcare Initiative sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Institute of Core Energetics Inc ($439k), Black Hills Crisis Pregnancy Center ($439k) and Crossroads Inc ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $110k. At year end it held assets of $2.3m against liabilities of $288k, net assets of $2.0m.