Martinsville Henry Coalition for Health and Wellness Inc

Analysis

Martinsville Henry Coalition for Health and Wellness Inc is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover health care, 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, Martinsville Henry Coalition for Health and Wellness Inc reported income of $7.0m and spending of $5.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $7.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Martinsville Henry Coalition for Health and Wellness Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include AIDS Support Group of Cape Cod Inc ($7.0m), Lenox Hill Pathology P C ($7.0m) and Archbold Foundation Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $507k (8.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.2m against liabilities of $3.1m, net assets of $5.1m. It reported 76 employees.