Health Resources in Action Inc

Analysis

Health Resources in Action Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1957, 69 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Health Resources in Action Inc reported income of $60.9m and spending of $48.7m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.9m to $60.9m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 153%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Resources in Action Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Southwest C a R E Center ($59.5m), Arizona Behavioral Health Corporation ($61.0m) and Usaging ($59.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $785k (1.6% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $89.6m against liabilities of $14.9m, net assets of $74.7m. It reported 252 employees.