Healthy New Albany Inc

Analysis

Healthy New Albany Inc is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in October 2006, 20 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 December 2023, Healthy New Albany Inc reported income of $1.1m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $790k to $1.1m (+34%), an average of +7.5% a year. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthy New Albany Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Hattie B Munroe Foundation Inc ($1.1m), Bowdon Mt Zion Primary Health Center Inc ($1.1m) and Funders for Reproductive Equity Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $60k (5.0% of expenses). Other salaries and wages came to $375k. At year end it held assets of $3.4m against liabilities of $79k, net assets of $3.3m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.