Healthcare Ventures Alliance

Analysis

Healthcare Ventures Alliance is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in December 2003, 23 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 Ventures Alliance reported income of $531k and spending of $761k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $531k (-49%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 144% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Ventures Alliance sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Rose Hill House Inc ($531k), Thomas Morgan Rotch Jr Memorial Hospital for Infants Trust ($531k) and Charles County Rescue Squad Inc ($531k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 65% of the total. Other salaries and wages came to $323k. At year end it held assets of $3.0m against liabilities of $216k, net assets of $2.8m. It reported 7 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.