Healthcorps Inc

Analysis

Healthcorps Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover medical research, 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 June 2023, Healthcorps Inc reported income of $2.6m and spending of $2.8m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $2.6m (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2020, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcorps 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 85th percentile within NY. Charities of a similar size with the same main cause include Sky Light Center Incorporated ($2.6m), Youth Creating Change ($2.6m) and Communitys Child Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $642k (23% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.4m against liabilities of $185k, net assets of $4.2m. It reported 45 employees.