Healtheconnections Inc

Analysis

Healtheconnections Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Healtheconnections Inc reported income of $13.2m and spending of $11.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.4m to $13.2m (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healtheconnections Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Neighborhood Legal Services Inc ($13.1m), Los Alamos Retirement Community Inc ($13.2m) and St Marys of Medford Inc ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $681k (6.0% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $20.5m against liabilities of $3.2m, net assets of $17.3m.