Healthcare Educational & Research Fund Inc

Analysis

Healthcare Educational & Research Fund Inc is a registered charity in United States, based in Rensselaer, NY. It received its IRS tax-exemption ruling in November 1963, 63 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthcare Educational & Research Fund Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $646k to $2.0m (+214%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 219%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Educational & Research Fund Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Eco-Soap Bank ($2.0m), National Center for Healthcare Leadership ($2.0m) and Bustleton Mental Health Instituteinc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $29k (1.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $52k against liabilities of $4.1m, net assets of -$4.0m. It reported 13 employees.