Hallmark Health Properties Inc

Analysis

Hallmark Health Properties Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in July 1985, 41 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 September 2023, Hallmark Health Properties Inc reported income of $2.5m and spending of $2.6m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $2.5m (+33%), an average of +7.4% a year. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hallmark Health Properties Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Allegheny Childrens Initiative Inc ($2.5m), The Power of U Incorporated ($2.5m) and Bluelight Heals Corporation ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $21.5m against liabilities of $15.9m, net assets of $5.6m.

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.