Health Care for All Inc

Analysis

Health Care for All Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Health Care for All Inc reported income of $9.8m and spending of $9.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $9.8m (+281%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Care for All Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include SJC Home Health Services Inc ($9.8m), Invest Nebraska Corp ($9.8m) and Mazon Inc a Jewish Response to Hunger ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $204k (2.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.0m against liabilities of $2.3m, net assets of $3.7m. It reported 30 employees.