Health Access Network Inc

Analysis

Health Access Network Inc is a registered charity in United States, based in Lincoln, ME. It received its IRS tax-exemption ruling in January 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Health Access Network Inc reported income of $13.4m and spending of $12.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.5m to $13.4m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Access Network Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Midtown Health Center Inc ($13.3m), Adult Learning Systems-Up Inc ($13.4m) and Heritage Village Rehab & Skilled Nursing Inc ($13.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $320k (2.6% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $12.4m against liabilities of $4.5m, net assets of $7.9m. It reported 109 employees.