H & T Medicals Inc

Analysis

H & T Medicals Inc is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, H & T Medicals Inc reported income of $2.7m and spending of $2.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $2.7m (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H & T Medicals Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Leadership Initiatives ($2.7m), I U O E Local 158 Training Fund ($2.7m) and Helping Hands Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $490k (18% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.6m against liabilities of $235k, net assets of $2.3m. It reported 112 employees.