Healthcare Industry Grant Corporation

Analysis

Healthcare Industry Grant Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Healthcare Industry Grant Corporation reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $28.0m to $1.0m (-96%), an average of -56% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Healthcare Industry Grant Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Center for Quality People and Organizations Inc ($1.0m), Erie Community College Foundation Inc ($1.0m) and Houston Apartment Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $433k (40% of expenses). At year end it held assets of $6.0m against liabilities of $5.8m, net assets of $175k.