Reliance Health Inc

Analysis

Reliance Health Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Reliance Health Inc reported income of $15.1m and spending of $15.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.3m to $15.1m (+14%), an average of +3.4% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reliance Health 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 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include The Praxis Project Inc ($15.1m), Asian and Pacific Islander Wellness Center Inc ($15.2m) and Lutheran Seniorlife ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $333k (2.2% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $4.8m against liabilities of $4.7m, net assets of $99k. It reported 329 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.