Healthwise Inc

Analysis

Healthwise Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in June 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Healthwise Inc reported income of $53.1m and spending of $54.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.3m to $53.1m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthwise Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ID. Charities of a similar size with the same main cause include Accesscny Inc ($53.1m), The West Texas Rehabilitation Center ($53.1m) and Licking Memorial Health Professionals ($53.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.3m (6.1% of expenses). Other salaries and wages came to $30.0m. At year end it held assets of $69.8m against liabilities of $8.8m, net assets of $61.0m. It reported 338 employees.